"This is tit-for-tat exactly," said Art Hogan, chief market strategist at B. Riley FBR. "Our $16 billion comes at a scheduled time, which comes up on the 23rd. China said we see your $16 billion and we'll match your $16 billion."

China has announced plans to put tariffs of 25% on US products worth $16 billion, the latest move in an escalating…https://t.co/8cUBer8tHD