What China could do next as Trump’s tariff war ramps-up

The severity cannot be overstated, if an additional 50% tariffs are levied on all Chinese goods it will decimate trade between the world’s two biggest economies. Remember, 50% would sit on top of what is already on the table: 34% announced last week, 20% announced at the start of US President Donald Trump’s term, and some additional tariffs left over from his first term in office. In total, it means all Chinese goods would face tariffs of over 100%, some as high as 120%. It’s a price that makes any trade almost impossible. China is really the only nation in…