US President Trump strongly criticized China's trade practices

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      U.S. President Trump slammed China's trade practices on Monday. He said Sino-US trade has cost the United States billions of dollars and vowed to protect American businesses.
On Sunday, Trump said he would impose tariffs on $200 billion worth of Chinese imports to the United States, further escalating the Sino-US trade dispute marked by tit-for-tat tariffs. Negotiations between the two countries are scheduled to continue this week.
Global stock markets plunged on Monday. China's stock market fell 6%, U.S. stock index futures fell 1.6%, and European stock markets fell to a one-month low.
Trump appeared to defend his statement on Sunday, saying there was a trade deficit between the United States and China. "I'm sorry, we won't do that again!" he tweeted Monday morning.
Trump and his advisers have said that a round of negotiations in Beijing last week went smoothly. But on Sunday, Trump said the pace of reaching trade agreements was too slow.
Trump also said he would "soon" impose a 25% tariff on another $325 billion of Chinese imports to the United States, essentially targeting all Chinese imports.


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