Biden expects China to retaliate to new tariffs. Here’s what that might look like.

News Snapshot:

China appears to still be weighing how it will respond to sweeping new tariffs on Chinese imports, but Joe Biden told Yahoo Finance that a retaliation is likely coming. "I don't think it'll lead to any international conflict or anything like that, but I think they'll probably try to figure out how they can raise tariffs, maybe on products that are unrelated," President Biden said in an exclusive Yahoo Finance interview Tuesday. The president said he expected the coming trade conflict to be manageable, telling Yahoo Finance Executive Editor Brian Sozzi that China is "way over their skis on this."...