President Donald Trump took the trade war with China to the next level on Friday, increasing tariffs on $200 billion worth of Chinese goods to 25% from the previous 10% rate. The tariffs cover a wide array of goods, from minerals used in manufacturing, to vegetable juices, to leather handbags. The tariff increase comes as the US and China continue to engage in trade talks, with Chinese Vice Premier Liu He — the country’s top economic official — in Washington to continue negotiations. While the Trump administration has downplayed the effect of the tariffs, studies have shown that the brunt of the cost of the tariffs has been borne by US businesses and consumers. The list of goods that will be subject to the increased tariffs was released by the US Trade Representative Robert Lighthizer’s office in September, when the 10% rate went into effect. The final list is notably different from the first round of tariffs on $50 billion worth of Chinese goods, because there are consumer products on the list. The previous round focused almost exclusively on industrial equipment and machinery, while the new round includes items like hats, TVs, and food. There were 297 items removed...