Trump’s promised 100% tariff on China is escalating the trade war to new, turbulent levels

"It is impossible to believe that China would have taken such an action, but they have, and the rest is History,†Trump wrote. The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral exports, with the president saying he would impose a new 100% duty on Chinese goods—†over and above†existing tariffs. The reignited trade war has rocked markets, particularly tech stocks, with the Nasd ...