Trump orders huge tariffs on China, raises trade war worries
March 23, 2018
WASHINGTON (AP) — Primed for economic combat, President Donald Trump set in motion tariffs on as much as $60 billion in Chinese imports to the U.S. on Thursday and accused the Chinese of high-tech thievery, picking a fight that could push the global heavyweights into a trade war.
China threatened retaliation, and Wall Street cringed, recording one of the biggest drops of Trump's presidency. But he declared the U.S. would emerge "much stronger, much richer."
It was the boldest example to date of Trump's "America first" agenda, the culmination of his longstanding view that weak U.S. trade p...