Trade War Begins In Hours, As Trump Confirms China Tariffs To Start At Midnight
5 July, 2018
If China was hoping for Trump to relent, and back down in the last minute before the start of tonight's China tariffs, set to take place at 1 minute after midnight, it will be disappointed.
In the past, the U.S. used its economic clout to win trade skirmishes with developing countries, said James Boughton, a senior fellow at the Centre for International Governance Innovation in Waterloo, Ontario. China, whose economy has grown tenfold since it joined the World Trade Organization in 2001, poses a much more formidable adversary.