From Fortune:

Former President Donald Trump has expressed a desire to impose tariffs on Chinese goods of more than 60% if he is re-elected. Trump says he did great with China previously and faced no criticism. There is skepticism about the new policy. A previous move led to tariffs being placed on $380 billion worth of imports and China retaliated.

A report on the tariffs sparked currency hedges by traders preparing for the effect of a second Trump presidency. Trump dismissed a prior comment about being a dictator as a joke and reiterated immediate action on the US-Mexico border and fossil fuels.

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Read more: Trump floats tariff of more than 60% on imports from China