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Good morning from the newsroom of the Financial Times.

Today is Monday, May 6th, and this is your FT news briefing.

U.S. President Donald Trump has threatened to raise tariffs on all Chinese imports.

Occidental Petroleum has added more cash to its $55 billion offer for Anadarko Petroleum,

and the European Union will launch a formal antitrust investigation into Apple over the next few weeks.

Plus, the FT's Chris Giles crunches the numbers on the outlook for the global economy.

I'm Mark Filipino, and here's the news you need to start your day.

U.S. President Donald Trump says he's willing to raise tariffs on all Chinese

imports to 25%. Mr. Trump made the threat on Twitter on Sunday saying these

kinds of tariffs were partially responsible for the U.S.'s

quote great economic results end quote. The levies were put on China last year as part of

what is now an ongoing trade war.

Mr. Trump said the current 10% tariffs on $200 billion of Chinese goods would rise to 25% on Friday,

and that the $325 billion worth of Chinese goods that were currently, quote,

untaxed, would be subject to tariffs of 25% shortly.

This threat to raise tariffs comes as China's Vice Premier Leo He is expected to arrive in Washington

this week for another round of talks with his U.S. counterparts.

Occidental Petroleum has changed the structure of its $55 billion offer for Anadarko petroleum.

It's adding more cash in order to boost its chances of winning a bidding war against rival

Chevron.

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