Trump Threatens to Escalate Trade War with China

“President Trump threatened Monday to levy tariffs on nearly all of China’s products shipped to the United States unless Beijing agrees to a host of sweeping trade concessions, a dramatic escalation that would enlist American consumers in the brewing U.S.-China commercial conflict,” the Washington Post reports.

“In a statement, Trump said he had ordered his chief negotiator, U.S. Trade Representative Robert E. Lighthizer, to draw up a list of $200 billion in Chinese products that will be hit with tariffs of 10 percent if China refuses his demands to narrow the yawning U.S. trade deficit and change its industrial policies.”