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U.S.-China Trade War Spells Divorce of World's Biggest Economies

Kevin Hamlin
U.S.-China Trade War Spells Divorce of World's Biggest Economies

The trade war Donald Trump is waging with China is shifting to a new phase as each new volley of tariffs pushes the world’s two biggest economies toward decoupling. Trump unleashed the latest tariffs barrage Monday, provoking a response from China and leaving prospects for a solution to the dispute more distant than ever. As U.S. demands for China to rein in industrial policies collide with Beijing’s unwillingness to contemplate change under duress, attention is now shifting to the eventual scale of collateral damage for the world economy.