The Chinese have said they'd prefer to convince Washington to change course. But they also say they won't be bullied.
We live in a time of tariffs. In the wake of US tariffs on steel and aluminum, the EU has made several counter moves. The latest sees the bloc placing tariffs on steel imports which exceed quotas set at existing levels.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
Since helping shape the General Agreement on Trade and Tariffs (GATT) in 1948, the World Trade Organization's forerunner, the US has been at the forefront of trade liberalization. That era appears to be ending.
At a time of heightened uncertainty in the global economic environment, leaders of Europe and China are meeting to ponder ways to counter the fallout from US President Trump's "America First" policies.
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