Trump says China is 'biggest abuser of them all' on tariffs, is ignoring his warnings ‘not to retaliate'

1. Trump criticizes China, calling it a major tariff abuser. 2. China retaliates with its own 34% tariffs on U.S. imports. 3. Trump claims effective tariffs are boosting U.S. income despite no inflation. 4. China warns of economic bullying by the U.S. government. 5. Analysts see diminished hopes for a U.S.-China trade deal.