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Tag Archives: global slowdown

Zero Hedge — US Slaps New Tariffs On China; One Minute Later China Retaliates

Trade war escalating tit for tat. Who blinks first? And what happens if neither side blinks? ...with no trade deal in sight, at 12:00am on Sunday, the Trump administration slapped tariffs on $112 billion in Chinese imports, the latest escalation in a trade war that’s ground the global economy to a halt, sent Germany into a recession, and given the market an alibi to keep rising because, wait for it, "a trade deal is imminent." Only, it isn't, and 1 minute later, at 12:01am EDT, China...

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