<
https://theconversation.com/the-global-costs-of-the-us-china-tariff-war-are-mounting-and-the-worst-may-be-yet-to-come-254583>
"The United States and China remain in a standoff in their tariff war. Neither
side appears willing to budge.
After US President Donald Trump imposed massive 145% tariffs on Chinese imports
in early April, China retaliated with its own tariffs of 125% on US goods.
US Treasury Secretary Scott Bessent said this week it’s up to China to
de-escalate tensions. China’s Foreign Ministry, meanwhile, said the two sides
are not talking.
The prospect of economic decoupling between the world’s two largest economies
is no longer speculative. It is becoming a hard reality. While many observers
debate who might “win” the trade war, the more likely outcome is that everyone
loses."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
