David Fickling, Columnist

China Has the Cards to Call Trump's Bluff

Trade numbers alone don't reflect the balance of power in this fight.
Photograph: iStock/Getty Images
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When a card player doubles down on a high-stakes bet, is that a sign of strength, or an over-played hand?

That's what investors have to ask after President Donald Trump threatened to impose tariffs on a further $100 billion of Chinese imports.