Morning Business Report: Beijing warns of retaliation as Trump threatens new tariffs
Beijing is warning of countermeasures against Washington after U.S. President Donald Trump renewed threats to impose 100% tariffs on Chinese imports.
(NBC)- Beijing is warning of countermeasures against Washington after U.S. President Donald Trump renewed threats to impose 100% tariffs on Chinese imports. The latest escalation follows China’s move last week to restrict exports of rare earth minerals, a key component in electronics and defense manufacturing. Analysts say the growing tensions could derail months of trade negotiations — and the fallout…