Dashing hopes of a quick agreement on trade relations with China, US President Donald Trump’s administration has imposed punitive tariffs on another $200 billion of Chinese goods. Now that the Chinese government has responded with new tariffs on $60 billion of US products, the United States is threatening tariffs targeting yet another $300 billion of Chinese imports. Both sides are now digging in for a long fight – largely because Americans have yet to feel the pain of Trump’s policies. China has understood Trump’s transactional style for some time. But it only recently began to appreciate fully the significance of … (full story)

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