Trump threatens almost all imports from China as Beijing fires back
China has underestimated President Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices.
Reuters reported that these comments were made by a top U.S. trade advisor on Tuesday.
This statement diminished the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.
The growing U.S. trade conflict with China hit financial markets hard.
Beijing has vowed a firm response.