Trump Threatens Huge Tariffs on China in Response to Its Retaliation
1. Trump threatens 104% tax on Chinese exports if tariffs aren't rescinded. 2. Escalating trade war may significantly disrupt financial markets. 3. Additional tariffs could increase import costs for U.S. consumers. 4. U.S. imported $440 billion in goods from China last year. 5. Negotiations with other countries to begin if China retaliates.