The one who is supposed to be a historical, decisive, trade war that has been launched by US President Donald Trump, has, for the time being, confined to a sole target: China. Trump announced on Wednesday a quarter of freezing all the “mutual” duties that had come in place earlier – with an exception, thus deepening a confrontation that has been set to dismantle the trade between the world’s two largest economies. Then, on Thursday, Beijing made his oath to impose his own reciprocal duties. The pace of this escalation was amazing, the US CNN comments in its analysis. During a week, Trump’s duties to Chinese imports increased from 54% to 104% and now to 125% – numbers added to existing contributions imposed before the president’s second term. And China retaliated in the same way, increasing additional, reciprocal […]
Source: News Beast
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