Article snippet: WASHINGTON — President Trump said he’s raising tariffs further on Chinese imports in response to Beijing’s retaliation earlier in the day, deepening the impasse over the two nations’ trade policies. Duties on $250 billion of imports already in effect will rise to 30 percent from 25 percent on Oct. 1, Trump said in a series of tweets Friday after US markets closed. He also said that the remaining $300 billion in Chinese imports will be taxed at 15 percent instead of 10 percent starting Sept. 1. Friday’s events marked a dramatic escalation in tensions between the U.S. and China after months of failed talks to resolve their trade dispute. It’s unclear whether negotiators will follow through with a plan to meet in Washington next month as relations have continued to sour. Trump had declared earlier Friday that he had ‘‘hereby ordered’’ American companies ‘‘to immediately start looking’’ for alternatives to operating in China, hours after Beijing announced new trade sanctions on U.S. products. But as markets in the U.S., Asia and Europe tumbled, the White House offered no further details or explanation of Trump’s intentions. Instead, the president tweeted that he would be ‘‘responding to China’s Tariffs this afternoon.’’ ‘‘This is a GREAT opportunity for the United States’’ he wrote. The rising tensions between the world’s two biggest economies unnerved investors already on edge about the deteriorating world economy. The Dow Jones Industrial Average dropped 623 point... Link to the full article to read more