President Donald Trump seems poised to continue to escalate trade tensions with China.The White House said in a statement Thursday night that Trump was considering adding tariffs on $100 billion more in Chinese goods annually.Trump earlier this week proposed tariffs on $50 billion in goods, raising the potential total to more than $150 billion.China vowed to retaliate, saying Friday that the country would not rule out any options.Markets were jolted by the developments, with the Dow Jones industrial average dropping close to 600 points. President Donald Trump on Thursday night threatened another escalation in a rapidly escalating trade battle with China, which then vowed to retaliate. The developments jolted global markets. The Dow Jones industrial index dropped more than 700 points at one point Friday afternoon. It ended the day about 570 points down. Industrial stocks like Caterpillar and Boeing were among the Dow’s hardest hit, with shares of both companies declining more than 3%.
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