Economics
Trump Says He’s Poised to Escalate China Trade War Within Hours
- Tweet follows new round of tariffs on U.S. soybeans, cars
- Trump says he ‘hereby ordered’ U.S. firms to leave China
Xi Jinping and Jerome Powell
Source: Bloomberg
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President Donald Trump signaled he may escalate the trade war with China in the coming hours after the country’s latest round of tariffs, firing off a new demand that U.S. companies seek alternatives to producing goods in China.