Reported about 5 hours ago
In the latest US-China trade skirmish, Xi Jinping has adopted a more measured response compared to previous conflicts. With Trump's 10% tariffs on China in effect, Beijing retaliated with limited tariffs on $14 billion worth of US goods and imposed tighter regulations on technology firms like Google. This tempered retaliation signifies China’s strategic shift influenced by its growing economic challenges and a significant trade imbalance with the US. Experts suggest China could utilize domestic stimulus rather than an aggressive tariff war, revealing its careful maneuvering as both nations consider potential negotiations to avert further escalation.
Source: YAHOO