Trump vs China: Who will win the trade war? | LBC
China has raised tariffs on the United States to 125% in response to Donald Trump’s trade war between Washington and Beijing.
Beijing initially announced an import tax of 84% on US goods, an increase of 50% from previous levies, with the new figure of 125% to face-down Trump’s tariff increase on the Asian nation.
It comes after the United States confirmed it would slap 145% on Chinese goods earlier this week.
China’s commerce ministry accused Washington of violating international economic and trade rules on Friday, adding the US was also devoid of “common sense”.
It added the US should take responsibility for “serious shocks and violent turbulence” facing global financial markets.
Ben Kentish is joined by economic expert Dr Michael Keating to find out who will win in this ‘unprecedented’ trade war.
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