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Trumps tariff barrage pushes US-China trade war to point of no return

Business Standard

US President Donald Trump is pushing his trade conflict with China toward a point where neither side can back down. China has seven weeks to make a deal or dig in and try to outlast the US leader. President Xi Jinping, facing his own political pressures to look tough, has vowed to respond blow-for-blow. He’s already imposed retaliatory duties targeting Trump’s base including Iowa soybeans and Kentucky bourbon. Trump on Wednesday framed his trade actions as necessary to shield American businesses and farmers from harmful trading practices. “Other countries’ trade barriers and tariffs have been destroying their businesses. I will open things up, better than ever before, but it can’t go too quickly,”