Investors are concerned about the continued escalation of the U.S.-China tariff battle — and the state of the president’s negotiating leverage.

The gulf is widening between the United States and China over their tit-for-tat tariff clash.Kevin Lamarque/ReutersThe trade battle intensifies

There’s no letup in sight to the trade war: This morning, China raised its tariffs on U.S. imports yet again.

Beijing said it would not make economic sense to raise them further, and called the Trump administration’s dizzying tariffs barrage “a joke.” And this morning, Tesla stopped taking orders in China for two models it imports from the U.S. (That raises the question: What does Elon Musk think about how President Trump’s trade fight is going?)

The U.S. dollar and Treasuries are being battered as well, casting further uncertainty over their safe-haven status.

Where things stand: As of tomorrow, Chinese levies on

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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