President Trump's threat to impose tariffs on nearly all Chinese products sent the stock markets tumbling on Tuesday,... and drew heavy criticism from retailers, tech companies and manufacturers.<br /> But the Trump administration remains unmoved by the concerns,.. with top trade advisor Peter Navarro insisting China has more to lose in any trade war.<br />He added the actions are "necessary to defend" the U.S.,... and the country is in good hands.<br />During a speech in Washington on Tuesday,... President Trump suggested he was ready for a fight,... saying China would no longer take advantage of the U.S. <br />
