
View in browser To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: It happened. The US imposed 104% tariffs on Chinese imports as the two powers continue their game without frontiers . US stock markets really hate the news, and a rally was squelched for the second day running. Treasury yields are on a remarkable rebound — but probably not due to Chinese manipulation. China has set its currency at its weakest since 2007. AND: To relax, try reading Whodunnits . Unlike with markets, you know everything will be resolved and make sense. Trade War of the Worlds 104% it is. At the time of writing (midnight in New York), the China-US trade dispute has reached the point where Washington is doubling the price that Americans must pay to buy Chinese. If this sticks, the world’s two biggest economies...