Trump Ups the Ante in the U.S.-China Trade War

President Trump raised the stakes in the U.S. trade war yet again yesterday by threatening to slap tariffs on more than $500 billion worth of imports from China. The figure is roughly double the value of Chinese products on which Trump has already imposed or threatened to impose tariffs-and nearly equal to the total value of goods and services America purchased from China last year.

“I’m ready to go to 500,” the president declared in an interview with CNBC’s Joe Kernen. Trump called...

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