Dow closes down 572 points as Beijing says it will fight back against new Trump proposalsThe war of words between the Trump administration and China over trade has escalated after Beijing threatened to fight back “at any cost” against new US proposals for an additional $100bn (£71bn) in tariffs. Chinese officials said they would “definitely fight back firmly” should the US persist in using “protectionism”, in a warning issued hours after President Trump unexpectedly suggested imposing extra trade tariffs on goods shipped from China to the US – on top of the $50bn worth of tariffs announced last month. Continue reading…
Via: President Trump threatens extra 0bn of tariffs on Chinese imports
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