Trade War Showdown Who Will Surrender First Trump Or Xi
The escalating trade war between US President Donald Trump and Chinese President Xi Jinping has rattled global markets, leaving many wondering which leader will back down first. Trump has imposed a massive 145-percent tariff on Chinese imports, with China retaliating with a 125-percent duty. On Tuesday, Trump ordered a national security review of critical mineral imports, mostly sourced from China. Meanwhile, Bloomberg reported China directed its airlines to halt Boeing jet deliveries and stop purchasing aircraft parts from US companies, while Hong Kong's postal service suspended US-bound mail. "A 145-percent tariff will make it impossible for China to sell to the US โ the costs on both economies will be exceptionally high," said Vina Nadjibulla from the Asia Pacific Foundation of Canada. "A complete decoupling is almost impossible to contemplate." Experts question whether Trump's administration has clear objectives beyond his […]