Trump’s tariff war with China

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Having implemented - then temporarily rescinded - tariffs on Canada and Mexico after both countries struck last-minute deals, Donald Trump now has his sights firmly focused on China. Following his announcement of a 10% tax on their imports to the US, China retaliated with thei ...

Over the past week, President Trump avoided a trade war with Canada and Mexico. But he escalated a trade war with China.

His reasoning? China has become more powerful in domestic manufacturing than the United States, Japan, Germany, South Korea and Britain combined.

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Two weeks after Donald Trump’s sweeping tariff announcement shook global markets, he has now offered most countries a 90-day reprieve—while simultaneously escalating trade tensions with China by imposing harsher penalties. So far, China has responded by matching each tariff hike ...  Show more