Trump Mulls Extra $100 Billion in Tariffs on China

President Trump said that he “will consider hitting China with an additional $100 billion in tariffs, on top of the $50 billion the White House has already authorized, escalating threats of a trade war with the Chinese that his top advisers had tried to minimize a day earlier,” the New York Times reports.

“Mr. Trump’s threat of additional tariffs is a marked escalation of a trade dispute that could have global economic ramifications and derail the economic expansion underway.”

Jonathan Swan: “This is exactly what the free traders who formerly worked in the White House feared, Trump in a macho pissing match against Chinese President Xi. Trump has a blunt understanding of leverage and believes the worst thing he can show is weakness.”