Trade war set to 'get really ugly' as 'Xi won't back down': Ex-Trump official

As the White House claims they have the ‘upper hand’ in the China trade war, a new POLITICO report is claiming otherwise.

US tariffs on Chinese goods are now at 145 percent. This is up 135 percentage points since February 1, when there was just a 10 percent tariff.

Over the weekend, administration officials were defending President Donald Trump’s plan to “'carve-out' a tariff hike on consumer electronics from the astronomical 145 percent tariffs it levied on China.”

The move...