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The White House said Monday evening that if China goes through with its promise to retaliate against the US tariffs announced last week, the United States will impose tariffs on an additional $200 billion worth of Chinese goods.
Thoughts on whether China will back down?
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I don’t know where this will lead but there are other tools besides tariffs. For example, China could back down and remove tariffs on U.S. soybeans but then quietly direct Chinese companies not to buy U.S. soybeans. Same result as tariffs.
China won't back down so Trump is playing a dangerous game.
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