Trapped in US-China trade war

Tit for tat: The trade scuffle between US and China threatened to escalate to a full-scale war when Beijing fired back with punitive taxes on a wide range of US goods entering China. — Reuters

THE US-China trade war drummed up by Washington last month threatened to escalate to a full-scale confrontation when Beijing fired back last week with punitive taxes on a wide range of US goods entering China.

And Malaysia, being an open economy with huge exports to China and the United States, is feeling the heat of the tit-for-tat measures rolled out by the two largest economies in the world.