Trump threatens tariffs on all US$505b of Chinese imports

Stock markets in Europe have fallen sharply after President Trump said he was willing to impose tariffs on all Chinese goods imported to America.

Trump said in an interview with CNBC that the U.S.is "down a tremendous amount" in terms of trade with China saying that China "can't match us because otherwise we're always going to be behind the 8-ball".

"I'm not doing this for politics, I'm doing this to do the right thing for our country", the president told the agency. "We have been ripped off by China for a long time", he said.

Earlier this month, USA imposed tariffs on $34 billion of Chinese imports.

"Hi, I am a soybean", the cartoon says in the video. "If I lose $100 an acre, and you take the acres that I farm, it's a lot of money". China accused American officials of making false accusations Thursday as it fired back against a claim President Xi Jinping is blocking talks with the U.S. Earlier, White House Economic Adviser Larry Kudlow said Xi has no intention of making a deal over trade with the Trump administration. "But it was very unfair".

Hot dogs, bacon and processed meat may cause ‘manic episodes’
The study, which was carried out by John Hopksins Medicine, says that nitrate may contribute to mania, an abnormal mood state. And Yolken said other studies have shown that people who have manic episodes show signs of inflammation in their bodies.

The growing share of worldwide trade under threat has raised the prospect the escalating trade war could harm the global economy by disrupting companies supply chains, pushing firms to hold off on investments and making goods more expensive for consumers.

Trump has ordered Commerce to investigate whether auto imports pose a threat to USA national security that would justify tariffs or other trade restrictions.

In excerpts of the interview released yesterday Trump had broken with the long-established executive branch practice of not commenting on the Federal Reserve's decisions out of respect for its independence.

"If the election was today, and Hillary was on the ticket and Trump was on the ticket, I'd absolutely vote the same way", he tells CNBC.

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