China plans new tariffs on 106 U.S. products, according to multiple published reports. Chinese officials said Wednesday that they plan to impose tariffs of up to 25% on American imports such as soybeans and cars, said a South China Morning Post report citing state broadcaster CCTV. Beijing's move comes after the Trump administration on Tuesday detailed the $50 billion of Chinese goods that it plans to hit with 25% tariffs unless Beijing makes major trade and investment concessions soon. U.S. stock futures added to losses following the news, with futures for the Dow Jones Industrial Average YMM8 recently down by 397 points, or 1.7%.