Wednesday, July 11, 2018

Trade war

How the US is waging its trade war with China

A worker at a Chinese car factoryAfter US tariffs on $34bn (£25.7bn) of Chinese goods came into effect last week, China is very much in President Trump's firing line.
More is coming: details of another $16bn worth are already in the pipeline and President Trump has ordered the administration to prepare to collect tariffs on £200bn of Chinese trade on top of that.
China's trade policy is unfair, he argues, and it steals the technology of American businesses.
Trump's position is shared by his trade adviser Peter Navarro, who co-wrote a book, Death by China, which was also made into a documentary film. Mr Navarro warns of the threat he thinks that China poses to US interests.
The bare figures of China's rise as a trade power are certainly striking.

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