U.S. President Donald Trump on Sunday threatened to impose a 50% tariff on China, after a report emerged that Beijing was preparing to deliver a shipment of new air defense systems to Iran. “I hear news reports about China giving [Iran] the shoulder missiles... what’s called the shoulder missile, anti-aircraft missile. I doubt they would do that... but if we catch them doing that, they get a 50% tariff, which is a staggering — that’s a staggering amount,” Trump said, in response to a question on whether a previous threat of tariffs on countries found supplying military equipment to Iran would also apply to China. ... (full story)