US, China deliver on threats as ‘biggest trade war in economic history’ starts at high noon

The “biggest trade war in economic history” began on Friday, China said after Washington and Beijing traded 25 per cent tariffs on US$34 billion worth of each other’s goods, while analysts warned the dispute was set to run and run.
Wei Jianguo, a former deputy Chinese commerce minister, said the conflict would affect the global value chain and people should not expect a swift resolution.
“The trade war will last for a long time,” he said.
Now vice-chairman of the…

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