Economics
U.S., China Rattle Trade-War Sabers in Vowing Harsh Tariffs
- Trump doubts talks will work, targets $200 billion in imports
- Beijing says it will retaliate ‘if the U.S. loses its senses’
This article is for subscribers only.
The world’s two biggest economies threatened punishing tariffs in the opening shots of a trade war, with Beijing vowing to retaliate “forcefully” against President Donald Trump’s pledge to slap duties on another $200 billion in Chinese imports. Global stocks declined amid little sign of negotiations to resolve the dispute.
In remarks in Washington on Tuesday, Trump signaled skepticism that talks with China will work to end the disagreement.