Trump’s trade approach under attack as China readies retaliation

Amid signs that investors were questioning his adversarial approach, Trump attempted to assuage the public in a series of Twitter posts. But some of his posts contained typos and misspellings, suggesting his comments hadn’t been thoroughly vetted by White House officials and might not represent fully planned out policy initiatives…

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U.S. agriculture companies could be hit hard from the new penalties, as it would make their products more expensive to Chinese buyers. U.S. farm groups have already complained to the White House that they were caught in the middle of Trump’s trade skirmish and that the president had pledged to assist them. Trump has said he would seek an additional $15 billion in U.S. taxpayer money to aid farmers…

The new U.S. tariffs largely affect business equipment, but they also apply to $40 billion in consumer products like air conditioners, furniture, clothing and spark plugs. The financial impact of the tariffs could be delayed because they will apply only to products that left China on Friday, which often take two or three weeks to arrive from Shanghai. But businesses often pass these costs on to consumers, which could drive up prices across the country.

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