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Beijing's trade curbs and President Trump's tariff threats show how quickly calm can give way to confrontation between the two largest economies.
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President Trump threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a recession.
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The president made the threat after Beijing imposed new global restrictions on the use of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries.
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Bitcoin extends decline to $104,782 as Trump escalates US-China trade war reuters.comStock market today: Dow sinks 800 points, S&P 500 and Nasdaq see worst day since April as Trump's renewed tariff threats spook Wall Street Yahoo FinanceFour Things to Know About Beijing's Rare-Earths Bombshell The Wall Street JournalCrypto Sees More Than $6 Billion in Liquidations Bloomberg.com
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