China’s in-kind response to US President Donald Trump’s announcement of tariffs on $50bn of imports from the nation left the global economy on the verge of a trade war.
US President Donald Trump has shown a penchant for trying to bully America’s trading partners into concessions at the negotiating table. In China, he faces a rising superpower with the economic might to hold its own.
President Trump’s barrage of tariff threats have left China’s Xi Jinping with a tricky balance to strike.
The Chinese president vowed to open sectors from banking to auto manufacturing, as he also warned against returning to a 'Cold War mentality' amid his trade dispute with US counterpart Donald Trump.
Trump's latest salvo comes as world’s two largest economies teeter on the brink of a trade war that’s unsettled global financial markets.
China says it will counter US protectionism 'to the end, and at any cost', as the war of words over President Donald Trump’s proposed tariffs on Chinese imports continues to escalate.
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