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Trump Adds 5% Tariff On Chinese Goods In Latest Tit-For-Tat Escalation


The combination of events nearly eclipsed a twitter tirade in which Trump questioned whether Federal Reserve Chair Jerome Powell was an "enemy" of the United States.

Washington:

President Donald Trump on Friday demanded that U.S. companies stop doing business with China and announced he would raise the rate of tariffs on Beijing, capping one of the most extraordinary days in the long-running U.S.-China trade war.

By the end of the trading day, the Dow Jones industrial average had fallen 623 points, or 2.3 percent; the business community had ratcheted up criticisms of the president; and world ...


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