China will seek permission from the World Trade Organization (WTO) to impose sanctions on the U.S. next week, according to the WTO’s meeting agenda.

The request comes at a time of escalating trade tensions between the world’s two largest economies, with President Donald Trump saying last week he was “ready to go” on tariffs for another $267 billion on Chinese goods “if he wants.”

That would follow planned charges on $200 billion of Chinese goods in several industries, including technology. Beijing has vowed to retaliate if the U.S. takes any new steps on trade.

CNBC

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