On Monday, President Donald Trump threatened to hammer China with an additional 50% tariff — on top of the the 54% already levied against it — if the Asian giant refuses to cancel the 34% tariff it recently imposed on imports from the U.S., which were set in response to the tariffs announced by Trump on April 2. Yes, this is what a trade war looks like. Trump said the new total tariff of a whopping 104% on Chinese imports will go into effect on Wednesday, April 9, if China...
