NEW YORK (Reuters) - The dollar slid on Monday as China raised tariffs on U.S. goods in an escalating spat between the world’s two biggest economies while stocks on Wall Street tumbled, led by a rout in technology shares, after President Donald Trump again attacked Amazon.com. Related: China hits the United States with tariffs on $3 billion of exports

The sanctions are in response to President Donald Trump’s tariffs on imports of steel and aluminum from China and several other countries. On Monday, China hit back at the Trump administration’s decision to raise duties on steel and aluminum imports, imposing tariffs of up to 25% on 128 American goods — including pork, wine and fruit — worth an estimated $3 billion.
The White House criticizes China's decision to place tariffs of up to 25% on 128 U.S. imports including pork and wine which was in retaliation to U.S. President Donald Trump's decision to introduce tariffs on Chinese steel and aluminium imports.