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Trade war between China and the US
The prospect of a trade conflict has intensified since the election of Donald Trump as US President.
A new round of trade war is brewing between Washington and Beijing. China is seizing new opportunities by expanding its retaliatory measures against the United States, including tools that could wreak havoc on global trade and finance.
Bloomberg writes that Donald Trump has threatened China with 60% tariffs on goods – a level that will lead to a reduction in trade between countries. The dilemma for China is that its large trade surplus with the US means that any direct countermeasures will have limited impact.
