U.S.-China Trade Dispute Likely to Drag On
New York, NY, August 7, 2019-The U.S.-China trade war likely won’t be ending anytime soon, reports the Wall Street Journal in an article called “China Digs in to Outlast U.S. in Trade Dispute.”
"The volley-for-volley trade war between China and the U.S. is accelerating at a time when Chinese President Xi Jinping can ill afford to make concessions, raising the likelihood of a protracted struggle between the world’s two biggest economies,” reports the Wall Street Journal. The trade dispute has already been underway for over a year.
“The best retaliation is letting U.S. tariffs on China hurt the U.S.’s own economy,” said Yu Yongding, an economist and adviser to Chinese policy makers.