Donald Trump has threatened to continue escalating the United States’ trade war with China by introducing another round of tariffs on exports from the world’s second-largest economy. This time the Trump administration would target goods that had not yet been affected by the now more-than yearlong trade war . The U.S. warns that it could hit $300 billion worth of these Chinese goods with a whopping 25% tariff, potentially setting the United States up for retaliation and ringing economists’ alarm bells around the country. “China’s expected retaliation against US crude oil, refined products, and LNG would disadvantage US exports and could cascade into US domestic production,” said the American Petroleum Institute’s senior adviser for international policy Aaron Padilla. His written comments went on to say that the “U.S. market share in China for LNG and other petroleum products may be difficult to restore with China turning to alternative suppliers,” […]