Trump threatens to impose additional 100% tariff on China
The article discusses President Trump's threat to impose an additional 100% tariff on Chinese goods. This comes after the recent trade negotiations between the US and China. The S&P 500 stock index closed down 2.7%, its biggest drop since April, in response to the president's announcement. The escalating trade tensions between the world's two largest economies have been a source of concern for global markets. The potential imposition of a 100% tariff on Chinese imports would significantly escalate the ongoing trade dispute and could have far-reaching consequences for both countries' economies, as well as the global economy. The article provides a concise summary of the key events, focusing on the market reaction and the potential impact of the proposed tariffs. It avoids taking a strong stance on the matter and presents the information in an unbiased manner.
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