Donald Trump to spark all-out trade war by pummelling rival China with 104 per cent tariff

PRESIDENT Trump will today pummel China with a 104 per cent tariff — sparking an all-out trade war with the US's rival economic superpower. The confirmation of the extra levy led to Wall Street giving up the gains it had made on another tumultuous day for shellshocked traders. 3 US President Donald Trump and his rival, China's Xi Jinping Credit: Reuters 3 Press secretary Karoline Leavitt insisted China would be hit by an extra 50 per cent tariff Credit: AP Stock markets, including London's FTSE 100, had started to recover in the hope a deal could be reached to ease…