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China's Asymmetrical Tools for New Trade War Carry Global Peril [Yahoo! Finance]
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Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions China wields new powers as it confronts the prospect of another trade conflict with the US, expanding its retaliatory reach in recent years to include tools capable of wreaking havoc on global commerce and finance. Six years after Donald Trump started the first trade war with China, the US president-elect has named a series of China hawks to his administration and threatened 60% tariffs on Chinese goods, a level that would decimate trade between the two countries. The dilemma for China now is that its sizable trade surplus with the US means any direct countermeasures may have limited impact. China has already shown a willingness to use some asymmetrical steps against tariffs and trade restrictions from both the Trump and Biden administrations. Should the new threats become polic
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