Latest Trade War Outlook The U.S. and China exchanged the latest round of tariffs and retaliatory tariffs, imposing 25 percent additional costs on reciprocal $32 billion worth of trade. China says the U.S. remains “obstinate,” but so does Beijing. The Trump administration raises the stakes in tranches so that markets don’t get spooked, although its hope is that the economic pressure becomes greater on China and forces an end to its own obstinacy. This will take substantial pressure since the Trump administration is demanding major fundamental changes in the way the Chinese operate. There remains a certain normalcy to the bilateral relationship as the Nikkei reports that Chinese tech startups have doubled their Wall Street...

TAGS – China, North America