trump trumps tariffs business shoppers major tech war china donald

China unlikely to blink first as Trump’s trade war enters uncharted new territory

Since Trump’s first trade war with China in 2018, Beijing has ramped up trade with other countries, making it less dependent on the USThe opening shots seem like a distant memory. Back in January, US president Donald Trump threatened to impose a tariff of 10% on Chinese imports. Less than three months later, the rate is now 104%.China has condemned the tariffs. As well as applying its own reciprocal tariff of 34% on US imports, Beijing has been fighting a war of words. Continue reading...

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