Economics
Xi to Counter Trump Blow for Blow in Unwanted Trade War
- Next few weeks crucial to see how bad it gets: Eurasia Group
- China confident it can endure more pain, outlast U.S.: Trivium
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The first punches have been thrown in a potential trade war and now Xi Jinping is poised to match Donald Trump blow for blow.
The next flurry of jabs may be imminent. In his announcement of tariffs on Chinese goods on Friday, Trump vowed additional duties if China retaliated -- which Beijing immediately did. Details of U.S. restrictions on investments from China will follow in the next two weeks, according to Trade Representative Robert Lighthizer.