Trade War From The Chinese Side
Despite efforts some weeks ago to reach agreement, the U.S.-Chinese trade war has intensified. Both sides have announced new tariffs on each other’s products. Beijing has called Donald Trump a “bully,” while the president has accused China of interfering with this county’s elections and, seemingly in an effort to outflank Beijing, has pressed trade deals with South Korea, Japan, and the European Union (EU). Trump shows no sign of softening. Nor do the Chinese. For the time being, domestic and geopolitical considerations prevent each from backing down.Read more here.