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The first return volley in a new trade clash between China and the United States was fired on Monday as Beijing’s tariffs on nearly $14 billion in US imports came into effect.
Weighing up retaliation. Pundits within the country have downplayed the impact of the 10% tariffs – amid a larger debate about whether it would serve China to escalate a trade war like during ...
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on ...
In 2018, during his first term, Trump initiated a brutal two-year trade war with China over its massive U.S. trade surplus, with tariffs imposed by both sides on hundreds of billions of dollars ...
The first punches have been thrown between the United States and China in what could amount to a short-lived trade dispute with limited economic fallout or the start of yet another lengthy and ...
The trade war was expected to significantly disrupt trade between the U.S., Mexico, and Canada and upend supply chains across North America. [ 6 ] [ 22 ] Many economists have expressed skepticism over the effectiveness of Trump's strategy in imposing tariffs, [ 6 ] and many have said that increased tariffs would raise the prices of consumer ...
President Donald Trump's emerging trade war with Beijing poses a new threat to billions of dollars in planned U.S. liquefied natural gas export projects, many of which rely on China as a key buyer ...
The trade war contributed to a rise in Chinese nationalism; the South China Morning Post reported that the conflict helped the Chinese Communist Party "shore up much-needed domestic support". [265] The external pressure of the trade war allowed Chinese leader Xi Jinping to point to the United States' actions as a reason for China's economic ...