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No end in sight for US, China trade war as tit-for-tat becomes the norm

The latest shot came Friday, when China released a list of $60 billion in US goods that Beijing intends to hit with tariffs

Andrew Mayeda | Bloomberg 

The trade war between the world’s two biggest economies is taking on a life of its own. When President Donald Trump first threatened to slap tariffs on Chinese goods in March to punish Beijing for stealing American intellectual property, trade experts warned the two nations risked slipping into a downward spiral of tit-for-tat trade actions.

The global economy now appears to be living that reality, with the trade war settling into a regular rhythm of counterblows. The latest shot came Friday, when China released a list of $60 billion in US goods that Beijing intends to hit ...

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First Published: Sat, August 04 2018. 11:47 IST
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