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Looming trade war between U.S., China

  • April 3, 2018
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  • JMH Summary

All national dailies focused on the Chinese government’s announcement yesterday that  retaliatory tariffs of up to 25% were imposed on a total of 128 imported U.S. products on Monday, voicing deep apprehension about the escalating trade friction between the world’s two largest economies in view of Beijing’s apparent determination not to give in to U.S. pressure. The dailies conjectured that although the two sides appear to be initially taking a hard line toward each other, they may eventually be tempted to seek a middle ground to avoid a full-scale trade war. 

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