Wall Street's trade nightmare: President Trump's crackdown on China shocked Wall Street. There are no winners in a trade war, especially not when the world's two largest economies fight one. Luschini noted that Peter Navarro, a top Trump trade official, wrote a book called "Death by China." On Thursday, Trump announced tariffs on about $50 billion worth of imports to punish China for stealing American tech and trade secrets. Related: China plans to hit US with tariffs following Trump trade sanctions3.

Source: CNN March 25, 2018 13:41 UTC