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In New Trump Tariffs, China Sees Master Plan to Thwart Its Rise

  • ‘There will be systemic containment and suppression:’ official
  • Jack Ma warns U.S.-China trade tensions could last 20 years
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Jack Ma warned that the trade war between the U.S. and China can have a bigger impact than most people believe.(Source: Bloomberg)
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For officials in Beijing, the worry about Donald Trump’s latest tariffs isn’t the impact on trade: Rather it’s the steady march toward a long-term competition that could thwart China’s rise.

Trump slapped tariffs on $200 billion worth of imports from China and threatened more if Beijing retaliates. On Tuesday, China said it would levy tariffs on $60 billion worth of U.S. goods effective from Sept. 24.