China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

Beijing has said it would hit back against Washington’s escalating tariff measures, including through “qualitative measures,” a threat that U.S. businesses in China fear could mean anything from stepped-up inspections to delays in investment approvals and even consumer boycotts.

China could also limit visits to the United States by Chinese tourists, a business state media said is worth $115 billion, or shed some of its U.S. Treasury holdings, Iris Pang, Greater China economist at ING in Hong Kong, wrote in a note.

and...of course...

Stocks, metals hit by new U.S. trade war salvo

LONDON (Reuters) - Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.

Shanghai markets were hardest hit overnight – with stocks there down almost 2 percent [.SS] and the yuan weakening toward last week’s 11-month lows, down 0.4 percent to 6.66 per dollar.

Hong Kong’s Hang Seng lost more than 1 percent, as did Japan’s Nikkei as the yen received something of a safety bid.

Europe’s main bourses, also taken aback as Trump kicked off a NATO summit in Brussels by accusing Germany of being a “captive” of Russia, then saw similar falls. [.EU]

...

Trump’s latest move took the wind out of investors’ sails largely because the central scenario for many in the markets is that Washington will eventually step back from the escalating row and settle for some sort of compromise.
For those who don't understand what the underlined portion means, it means our incompetent unqualified President is directly costing you money...again.

...and then there is this:

Breakingviews - Trade war corporate welfare queues will get long

HONG KONG, WASHINGTON (Reuters Breakingviews) - Enter the trade war corporate welfare state. As China and the United States ratchet up tariffs, politicians are trying to reassure anxious executives with talk of targeted exemptions and subsidies. That just leads to unhealthy and lasting government influence over industry.

Every true Republican should hate and scream about every one of these stories. They go against your core beliefs.