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ERROR: type should be string, got "https://www.barrons.com/articles/trade-war-there-will-be-blood-1522851791\nTrade War: There Will Be Blood\nCrystal Kim\nApril 4, 2018 10:22 am ET\nChina announced it would put 25% of trade tariffs on more than 100 goods, including various types of steel, cars, soybeans, and orange juice Wednesday morning in response to the U.S.’s planned tariffs on more than 1,300 products aimed at China’s exports.\nThe Dow Jones Industrial Average dropped more than 300 points in morning trading as tensions between the U.S. and China escalated. The S&P 500 and the Nasdaq Composite are bathed in blood.\nTrade wars are not good, and they are most certainly not easy to win. Consider what happens during a two-person card game of war—it’s an oversimplication, but the entire premise of it is one-upping the other. The market does not like it.\nNor does the Street. Peter Boockvar of Bleakley Advisory was apoplectic in his morning note Wednesday: “If protecting U.S. intellectual property is the ultimate goal here, I’m not sure how destroying shareholder wealth, damaging CEO confidence and making the American farmer the sacrificial lamb here after 6 years of pain on the farm is going to get us there.”\nBoockvar also called for the resignation of White House aide Peter Navarro, U.S. Trade Representative Robert Lighthizer, and Commerce Secretary Wilbur Ross—all of whom have advocated for tariffs. He expects U.S. soybean prices to get hit and boost prices in Brazil and Argentina.\nWhy does the Trump administration seem to be picking on China? Because China makes up almost half of the U.S. trade deficit and is considered a strategic rival, says Erin Browne, head of asset allocation at UBS Asset Management. However, she thinks there is “a good chance” the administration is using the tariffs to bring China to the negotiation table.\n“The administration has reportedly already asked China to work to reduce the US-China trade balance by $100 billion and Section 301 tariffs could be used as leverage in negotiations,” she wrote.\nWhat to watch for: a serious miscalculation. Chinese products represent more than 20% of U.S. imports, so broad tariffs would lift U.S. inflation and weigh on consumer and business spending.\nA full-blown trade war could result in U.S. growth stalling out. The Peterson Institute modeled an adverse trade scenario that suggests the cause of “outright recession,” says Browne.\nTrade wars pose a major economic risk, says David Kotok, chairman and chief investment officer at Cumberland Advisors. “The most recent round of China-U.S.tariffs war is alarming. Trump’s trade policy is failing and harming the United States,” he wrote.\nThat much is obvious to investors this morning. What’s unknown is whether the next card to be flipped will beat the last one.\nChina announced it would put 25% of trade tariffs on more than 100 goods, including various types of steel, cars, soybeans, and orange juice Wednesday morning in response to the U."