Beijing has responded to the US increase in tariffs on Chinese goods of $200 Billion with their own tariff of $60 billion on US exports. There was hope that the US and China would find a way to reconcile before the trade war deepens and becomes a crisis.
These new tariffs do not show positive prospects for the coming days, with the US also expecting to put new duties on all Chinese goods entering the US valued about $300 billion, as reported by edition.cnn.com. China media has also promised that China will survive its trade war.
China believes that US President Donald Trump is the only reason for this trade war and that one man has brought the US and China under great risk and uncertainty. At the moment neither the US and China look to be ready to surrender – this could result in further escalation of the trade tensions.
By Mokgethi Mtezuka