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Beijing slaps duties of up to 10 per cent on $60bn of American imports
Trump’s duties hit private rather than state companies and could help Xi politically
Washington has overestimated the fragility of Beijing’s domestic economy
Beijing dominates global supply of strategic elements needed for smartphones
Latest action by US offers some clarity to market already hit by trade war fears
Beijing will explore new ways to hurt Washington, including a refusal to buy its debt
CLSA map it out.
Victor Mallet on the Chinese reaction to the latest round of US tariffs
Duties start at 10% and will increase to 25% next year if no deal is reached
Beijing cannot match the duties dollar for dollar but it does have other weapons it could deploy
Trump pressured by trade hawks not to back down on 25% rates for $200bn in imports
Currency fall piles pressure on government
Businesses at Baltimore hub fear impact of tariff battle with China on their livelihoods
Assets have slumped on misplaced fears that a recession is likely
The world has never been unipolar and power is shifting east
Deceleration in spending on fixed assets comes as country braces for impact of US tariffs
President undercuts Treasury secretary’s efforts to rekindle negotiations with Beijing
The implosion of the western banking system was a stroke of good fortune
Hardware entrepreneurs say levies of up to 25% could be ‘death knell’ for inventions
Concern that crisis hitting Argentina and Turkey could spread across developing world
Moscow and Beijing move to boost ties
