China warns US against additional 100% tariffs, threatens to take ‘resolute measures’

News Snapshot:

A sudden escalation in the U.S.-China trade war has threatened to undo months of progress between the world's two largest economies. The unraveling of what had been productive talks between the two superpowers began late last week when China announced new global export controls on its coveted rare earth minerals and products containing these minerals. China said the measures were taken "in accordance with laws and regulations to improve its export control system, better safeguard world peace and regional stability, and fulfill international non-proliferation obligations.” U.S. Trade Representative Jamieson Greer accused China of having "wildly overstepped the bounds of what's...