WASHINGTON—U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as early as next week, Bloomberg News reported on Aug. 30.
The White House declined comment on the Bloomberg report, which cited six unidentified sources. The news deflated markets. The S&P hit session lows, and the U.S. dollar, Chinese yuan, and U.S. Treasury yields also fell.
