This rapid shift in the White House’s stance toward China within less than a month is largely due to Beijing’s resolute countermeasures in defence of its own interests, experts said. — China Daily
WASHINGTON: As the United States clearly leverages tariffs as a bargaining chip in its dealings with trade partners, the rest of the world must stand together to respond in a cooperative manner, rather than negotiate for Washington’s mercy, economists have urged.
“The US economy is large indeed, but it only makes up 15% of global trade,” said Justin Yifu Lin, former World Bank chief economist and dean of the Institute of New Structural Economics at Peking University.
