Can Donald Trump's Tariffs Force Radical Changes On China? [Investor's Business Daily]
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Source: Investors Business Daily
Trade War: President Donald Trump showed he's willing to wield a big stick in trade by levying tariffs on $200 billion more in Chinese goods, starting next week. Will this lead to a trade war without end, or bring China to the table for talks? We've been on the record as being anti-tariff. However, as has been noted numerous times, Trump has used tariffs, and the threat of tariffs, as a way to lower overall trade barriers. At least, that's what the White House maintains, and we see no reason not to believe it. But it goes deeper than that. As the tit-for-tat trade battle has been engaged, it's unclear which side will blink first. Will it be China, which sells over half a trillion dollars in goods to the U.S., or the U.S., whose economy depends on cheap goods and industrial inputs from China for its prosperity? Beijing has already retaliated against Trump's announcement, saying it will add another $60 billion in U.S. goods to its own tariff list — including soybeans, meat, wheat and te
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