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.
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.
He added the actions are "necessary to defend" the U.S.,... and the country is in good hands.
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.