, Columnist
China's Saving Its Own Bacon in Trade War
The import retaliation will barely be noticed.
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Has Beijing brought a knife to a trade war gunfight?
That's certainly the way it looks at first glance. Plans to slap levies on $3 billion of U.S. goods affect about 2 percent of China's imports from the country, compared to the roughly 10 percent of trade in the opposite direction that will be penalized under the U.S.'s plans to impose tariffs on $50 billion of goods from China.