US-China trade war
The drums of a war are beating; this time it’s a trade war. US President Donald Trump has told officials in his team to consider another $100bn of tariffs against China.
The row started after President Trump imposed import taxes of 25% on steel and 10% on aluminum. China responded by introducing its own retaliatory tariffs on 128 US products, including beef, cars and soybeans. The US then announced 50 billion dollars of tariff on Chinese goods, particularly electronics, aircraft parts and medicine. The tit-for-tat measures might hurt China in the short-term. But Beijing says it won’t back down and in the long-term, Washington will be forced to retreat.
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