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The Big Story: China vs US - How much further will trade tensions between the two superpowers escalate?
President Donald Trump has threatened an additional new tariff of 50 per cent on China. It'll go into effect if Beijing does not withdraw the 34% tariff it imposed on American products last week. In response, China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs, and vowed to take countermeasures to safeguard its own rights and interests. How much further can the current trade tension further escalate? What will this mean for the rest of the world, and will it tip the global economy into a recession? On The…
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