Nowhere to go yet: The ‘MSC Anzu’ container ship docking next to gantry cranes as shipping containers sit stacked at the Yangshan Deepwater Port in Shanghai. — Bloomberg
Washington: The United States pulled the trigger on a steep increase in tariffs on Chinese products and Beijing immediately vowed to hit back, turning up the heat before a second day of trade negotiations.
President Donald Trump got a briefing from his trade negotiators after the first day of talks with the Chinese side on Thursday, but made no move to hold off on the tariffs – dashing hopes there might be a last-minute reprieve as the negotiations continued.
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