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Trump’s fresh threat to slap a 100 percent tariff on Chinese imports sent a jolt through markets and revived fears that he was willing to torch the global economy to win leverage in a negotiation. The move also exposed how quickly his trade policy can swing from dealmaking posture to open-ended economic extortion.
Why it matters: Trade-war threat
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Trump’s fresh threat to slap a 100 percent tariff on Chinese imports sent a jolt through markets and revived fears that he was willing to torch the global economy to win leverage in a negotiation. The move also exposed how quickly his trade policy can swing from dealmaking posture to open-ended economic extortion.
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