U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday.
The Trump administration has released a list of tariffs on Chinese goods that have benefited from intellectual property theft, totaling $50 billion. The products range from flat-screen TVs to aircraft parts.
Kyle Bass made his name betting against the U.S. housing market more than a decade ago, and today he is predicting an economic contraction that could be more than three times as severe as that suffered during the Great Financial Crisis.
Thousands of Americans have reportedly signed onto a class action lawsuit in the US state of Florida which seeks compensation from the Chinese Government for COVID-19 damages, as Western politicians increasingly call for accountability.