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President Trump escalated his barter war with Beijing bygone by arty tariffs on $200 billion account of Chinese goods, aing of them chump products. The levies, appointed to go into aftereffect on Sept. 24, will alpha at 10 percent and ascend to 25 percent on Jan. 1. The staggered admission will abate the appulse to American consumers over the holidays, admitting Apple has dodged the tariffs.

A refresher on why this is happening: The tariffs aim to burden China into alteration longstanding barter practices that Mr. Trump says aching the U.S. The administering says China could win abatement by giving U.S. companies added admission to its markets, amid added things.

China’s b bazaar opened at a four-year low today, and its bill slipped on the news. (One upshot: The tensions arise to be authoritative Chinese businesses added competitive.) A Foreign Ministry agent said that according and admiring talks were the alone way to achieve the dispute, but added that the U.S. hadn’t apparent any kindness. So Beijing says it charge retaliate at an “appropriate time.”

Broadly, however, markets shrugged off the latest tariffs. Why? Suggestions from

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