CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “President Donald Trump on Wednesday [4-4-18] tried to tamp down economic anxieties over tariffs recently announced by China and the United States…On Tuesday [4-3-18], the Trump administration published a list of about 1,300 Chinese exports — worth about $50 billion annually — that it intends to target with 25% tariffs. China responded on Wednesday, with its Ministry of Commerce announcing plans to impose its own 25% tariff on $50 billion worth of US exports. The 106 affected products will include aircraft, cars and soybeans. Following Trump’s tweets Wednesday morning, White House chief economic adviser Larry Kudlow also sought to downplay trade war fears, telling reporters outside the White House that the President’s threat of new tariffs on China are just a negotiating position.”
–Maegan Vazquez and Abby Phillip, “Trump pushes back against market fears of trade war,” CNN Politics, CNN.com, April 4, 2018 10:11am