Posted inBeijing, China, Hong Kong, Shanghai, World

Get ready for the ‘largest trade war in economic history’

It is now the “largest trade war in economic history.” Well, that is Beijing’s take on President Donald Trump’s decision on Friday to impose tariffs worth US$34 billion on a range of Chinese imports, including high-tech equipment and industrial machinery. In response, the world’s second-largest economy warned it would take the “necessary countermeasures,” triggering what […]

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