Rumors of War

VOA - Trump Launches Action Toward Imposing Tariffs Against Chinese Imports
VOA News reports: "U.S. President Donald Trump signed a presidential memorandum on Thursday, initiating actions to consider imposing tariffs on a long list of nearly 1,300 Chinese imported products worth about $60 billion. The move could limit China’s ability to invest in the U.S. technology industry, setting the stage for a possible trade war with Beijing. [...] The prospect of a trade war sent markets plummeting, with the Dow Jones Industrial Average down 724 points, almost 3 percent, its biggest drop in six weeks."

China plans tariffs on $3B worth of U.S. goods after Trump order - UPI.com
UPI reports: "The Chinese government plans to impose tariffs on $3 billion worth of imports of U.S. goods in response to President Donald Trump's tariff announcement Thursday. China's Commerce Ministry said it compiled a list of 120 products worth about $1 billion including fresh fruit and wine that will face a 15 precent tariff it both countries fail to resolve trade differences 'within a stipulated time.'"

Comment: I'm posting this under the "Rumors of War" category because trade wars have a tendency to sour relations between countries and set the stage for actual wars.