First published: Financial Times 19/06/2018
Still basking in the afterglow from his summit with Kim Jong Un, President Donald Trump confirmed last week that the US would levy a 25 per cent tariff on over 1,000 products worth $50bn of Chinese exports, starting on July 6. China immediately said it would retaliate in kind, targeting 545 categories of US products. Mr Trump’s riposte this week was to threaten a 10 per cent tariff on a further $200bn worth of China’s exports. From the foothills of a trade war with China, Mr Trump is now looking to a serious escalation that could unhinge the global economy. Read on…..https://www.ft.com/content/874ff152-73a5-11e8-bab2-43bd4ae655dd
