Trump Doubles Down on Potential Trade War With China

Supported by Business Day Trump Doubles Down on Potential Trade War With China Photo A port in Nantong, in China’s eastern Jiangsu Province, on Wednesday. Credit Agence France-Presse — Getty Images President Trump said Thursday that he will consider hitting China with an additional $100 billion in tariffs, on top of the $50 billion the White House has already authorized, escalating threats of a trade war with the Chinese that his top advisers had tried to minimize a day earlier.
In a statement late Thursday, Mr. Trump said that he was responding to China’s “unfair retaliation” against the United States, which this week outlined hundreds of Chinese products, like flat-screen TVs and medical devices, that could be subject to American tariffs. The Chinese, in response, detailed their own list of $50 billion worth of American products, like soybeans and pork, that would be hit with levies.
“Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers,” Mr…