U.S. President Donald Trump ratcheted up the trade war rhetoric with Beijing on Thursday, saying he had instructed the U.S. trade representative to consider tariffs on an additional $100 billion worth of Chinese goods.
The move came a day after China issued a list of U.S. goods, including soybeans and small aircraft, worth $50 billion for possible tariff hikes. Beijing’s response came after the U.S. proposed tariffs on $50 billion worth of Chinese goods earlier this week.
WATCH: Trump, White House Defend Action on China Trade
U.S. stock futures dropped on Trump’s latest trade directive. Dow futures fell and were down about 400 …read more