US PRESIDENT Trump sharply escalated his trade war with China yesterday, more than doubling tariffs on $200bn (£153.7bn) worth of Chinese goods. Rather than trade talks, his delegation was met with a trade war hit. The escalating trade war has got the capitalist class quaking in their boots. The World Trade Organisation (WTO) has warned that trade war poses a bigger threat to the world economy than the 2007/08 global banking crash. And a trade war paves the way to a slump, a financial collapse and then a shooting war.