It is now more and more clear that the toughening of posture by US President Donald Trump against China is no where near stopping.
This is clear from the fact that Trump has now threatened tariffs on all of $500 Billion Of Chinese Imports to the country.
Around $505 billion of Chinese goods were imported to the US in 2017, leading to a trade deficit.
This is clearly a threat of escalation of clash over trade policy that has unnerved financial markets.
His comments worried investors already grappling with the impact of a strengthening US dollar on corporate
results and key stock indexes on Wall Street dropped at the open on Friday.
Even the US dollar fell against major currencies on Friday on Trumps threat.
Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors.
It has already sparked retaliatory measures from other countries.>