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US-China trade war: Stakes high for Washington, higher for Beijing


In the 1970s, America normalised relations with China, sending ping-pong teams. Today, China and America are playing a brasher version of ping-pong, with a tit-for-tat trade war, reneging on the agreement made in June 2019 where they agreed not to levy tariffs. In early August, US President Donald Trump announced a planned tariff hike. This was met with China slamming tariffs on 5,000 American items. In retaliation, America announced tariff hikes on Chinese goods. The trade war has sent global investors, China’s manufacturers, American automobile industry and American farmers into a tailspin. The trade war, while economic in ...


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