Trump May Win The Trade Battle With China But Lose The War

News Source: China Money Network.

An earlier version of this story first appeared on Trubune Intereactive

The long-predicted China-U.S. trade war is here.

The U.S. government under Donald Trump on Tuesday listed US$50 billion worth of Chinese exports that could be hit with 25% tariffs, ranging from electric cars to education material and medicine. China quickly retaliated with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals.

The tariffs won’t go into effect right away. The U.S. said it will hold a public hearing for businesses on May 15. The timing of the Chinese tariffs was not clear. However, more tit-for...

This news article comes via China Money Network, who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of

You May Also Like