US-China tariffs: What's behind them, who stands to be hurt?
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July 5, 2018
WASHINGTON (AP) — President Donald Trump has boldly declared that trade wars are easy to win. He's about to find out.
Barring a last-minute breakthrough, the Trump administration on Friday will start imposing tariffs on $34 billion in Chinese imports. And China will promptly strike back with tariffs on an equal amount of U.S. exports.
And just like that, a high-risk trade war between the world's two biggest economies will begin — one that could quickly escalate.
"I see us running into a full collision course in a few days," said Ashley Craig, a trade lawyer at Venable LLP. "It seems as if both...
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