China made clear today it is not about to take the trade dispute with the US lying down. Beijing plans to match Washington's import taxes with 25 percent tariffs on more than one hundred items.
Donald Trump has ramped up his trade dispute with China. Nevertheless, Beijing has a good shot at being able to keep the damage under control. The key is a dynamic middle class, says DW's Frank Sieren.
No group of US farmers has more to lose from a trade war with China than soybean growers. But as Beijing adjusts to new trade realities, Chinese farmers also have a lot on their plates.
The latest US salvo against China has escalated the threat of a trade war between the world's two largest economies. China has responded by announcing countermeasures affecting up to $60 billion worth of US exports.
China will take "counter-measures" after US President Donald Trump's raised tariffs on $200 billion of Chinese imports. Fears of escalation hit global stocks markets, which waver nervously awaiting a concrete response.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version