The owner of Tommy Hilfiger and Calvin Klein has been caught in the crossfire of an increasingly fraught trade dispute.

China's tit-for-tat duties on U.S. imports took effect Monday, just hours after U.S. President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports to the U.S.

China has added PVH, the American parent company of designer brands Calvin Klein and Tommy Hilfiger, to its “unreliable ...