The US trade war with China is going from bad to worse this week,
as the broader US market plummeted on news of retaliatory Chinese
tariffs. The Dow Jones Industrial Average fell over 600 points on
Monday.
Trump had long dismissed the idea that a trade war would even hurt the
US, and has been aggressively antagonizing China with ever-growing
tariffs. China responded with moves against US chemical and agricultural
products.
Trump did not address the stock market’s dive, but demanded US consumers
avoid the tariffs by just refusing to buy anything from China. He added
that “there will be nobody left in China to do business with” when he
is done, and that will be “very good for USA.”
Trump went on to warn China against making any retaliation to anything
else the US does, saying it “will only get worse.” This is the first
time he’s even acknowledged that China has the capacity to retaliate.
Stocks Plummet as Trump’s Trade War With China Worsens
Dow drops over 600 points as Trump threatens escalation
Jason Ditz is Senior Editor for Antiwar.com. He has 20 years of experience in foreign policy research and his work has appeared in The American Conservative, Responsible Statecraft, Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times, and the Detroit Free Press.
Join the Discussion!
We welcome thoughtful and respectful comments. Hateful language, illegal content, or attacks against Antiwar.com will be removed.
For more details, please see our Comment Policy.
