Trump threatens 200B more in tariffs; Kim Jong Un back in Beijing; US Senate wants to kill ZTE; Xiaomi cuts IPO valuation & postpones CDR; Income tax cut coming; Huayi Brothers may be in trouble

It is an unhappy Tuesday for global markets, most of which are down sharply after the announcement late Monday that President Trump directed the US Trade Representative to "identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10%". The announcement did not specify timing but the size of the threatened escalation (if not the t…

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