Trump and Xi Wait to See Who Blinks First as Trade Fight Heats Up
- Both sides look to impose political costs with tariff threats
- Each leader thinks he can win ‘game of chicken’: analyst
This article is for subscribers only.
The leaders of the world’s two biggest economies are waiting to see who backs down after firing the opening shots in a trade war.
U.S. President Donald Trump took aim at China’s plans to dominate strategic technologies Tuesday by slapping tariffs on 1,333 of the country’s products -- from semiconductors to lithium batteries. Chinese counterpart Xi Jinping’s government hit back with proposed levies on key American imports including soybeans and Boeing Co. jets, a tougher response than many expected.