The U.S.-China trade war has escalated in 2018 after President Trump announced his intent to impose high tariffs on some Chinese goods. In response, China reciprocated with imposing tariffs on American goods, leading to a state of anticipating a trade war that may put the global oil markets at risk. China has a winning “debt” card that, if used against Washington, would shake global markets.
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The U.S.- China Trade War
The U.S.-China trade war has escalated in 2018 after President Trump announced his intent to impose high tariffs on some Chinese goods. In response, China reciprocated with imposing tariffs on American goods, leading to a state of anticipating a trade war that may put the global oil markets at risk. China has a winning “debt” card that, if used against Washington, would shake global markets.
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