China-US Trade Friction: Trump threatens additional 100 billion USD of tariffs on China
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We begin with the latest between China and the US. President Donald Trump says he would consider an additional 100 billion US dollars worth of tariffs on China, ratcheting up trade tensions and plunging economic growth into uncertainty. As the news trickled in, the Dow Jones tumbled 400 points as stock markets were rattled by renewed trade-clash jitters. Earlier this week, Washington proposed to tack on an extra 25 percent tariff on 50 billion dollars of imports from China -- a move strongly opposed by various business groups.