The Trump administration published a list Tuesday of about 1,300 Chinese products to be hit with a 25 percent tariff, prompting retaliation from China, which responded today with a 25 percent tariff of its own on $50 billion worth of U.S. goods—including cars, airplanes and foodstuffs. This morning, Trump tweeted, “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.”