President Donald Trump ’s escalating trade war with China has stock pickers holding their breath, unsure if the president will wipe out months of steadily progressing trade negotiations between Washington and Beijing or cave on his recent aggressive posturing to appease financial markets.

Since last week, the president has steadily ramped up his tariff threats against China in hopes of walking President Xi Jinping off of the increased export controls for critical earth minerals recently announced by Beijing.

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