China and US embark on tit-for-tat tariff retaliation

In a press release, China’s commerce ministry has responded to Donald Trump’s threats to impose a further 50 p.c tariff on Chinese language items by saying Beijing will “combat to the top”. With the newest US risk, import duties on China might complete as a lot 104 p.c, additional ramping up the commerce conflict between the world’s two greatest economies. On this version, we have a look at what Beijing is doing to help its home market, for example by loosening its grip on its forex.



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