Trump threatens more tariffs on China as markets drop

President Trump is threatening more tariffs on China as global markets plummet. In response to the president’s tariffs announcement, China retaliated by increasing taxes on American goods by 34 percent. And now, Donald Trump is demanding that Beijing withdraw its tariff increase. He’s giving China until Tuesday to reverse course or else the U-S will impose additional 50 percent tariffs on Chinese imports effective Wednesday. Meanwhile, the president says trade negotiations will begin “immediately” with nations that have requested talks with the administration.