The Atlantic: “Trump started the trade war by levying new taxes on $250 billion worth of Chinese exports. China retaliated both by increasing the duties Americans face and by decreasing the tariffs that confront everyone else: It has cut tariffs on thousands of products from the rest of the world’s fisheries, farmers, and firms.”
“Even as Tariff Man, as Trump likes to refer to himself, focuses only on disruption, Beijing is evidently operating on a higher level. China is outplaying the United States on two fronts.”
“First, while Trump is on the verge of slapping tariffs on almost everything the U.S. imports from China, Beijing is picking and choosing wisely… Second, Trump has no real mitigation strategy to help the Americans facing the entirely foreseeable costs of his policies.”
