Is There a Path to Victory for China in Trump’s Trade War?
In a dramatic turn of events after imposing hefty tariffs on Mexico and Canada, President Donald Trump shifted his focus to his long-time adversary: China. The initial punitive measures against North American partners had rattled financial markets, not to mention evoking fears among allies wary of becoming targets themselves. However, when it came to Chinese imports, a modest 10% tariff seemed almost subdued by comparison.
Speculation abounded regarding the motives behind this seemingly softer approach. Analysts pondered…