China’s announcement Wednesday that it plans to slap tariffs
on $50 billion worth of U.S. products is a clear threat to President
Trump after his announcement last month to impose tariffs on imports of
aluminum and steel from other nations and his announcement Tuesday that
he plans to impose tariffs on $50 billion in imports from China.
Already, many policymakers, Wall
Street analysts and pundits have quickly jumped to doomsday scenarios
over trade wars. And dozens of countries are also lobbying the president
for exemptions from the steel and aluminum tariffs.
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