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After Trump's new round of tariffs, China may either have to blink or widen the trade war

Chicago Tribune
After Trump's new round of tariffs, China may either have to blink or widen the trade war

President Trump’s latest round of tariffs against China, totaling approximately $200 billion, substantially raises the stakes for Beijing and could push the two countries’ trade war into a new phase, beyond the tit-for-tat duties seen so far. China’s Commerce Ministry said Wednesday that China would act with “necessary counter-measures,” but did not repeat that the government would retaliate in commensurate fashion, as it has promptly done in the past. The pause in brinkmanship reflects the quandary now facing Beijing. The new U.S. proposed levies would be on top of 25% tariffs that the Trump administration has assessed on $50 billion of Chinese goods, $34 billion of which took effect last Friday.