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5 new ways China can retaliate in the tariff war
President Trump and his trade advisor Peter Navarro have been ramping up the rhetoric on China ever since the 2016 campaign. Then came real economic pressure beginning in March, when the president announced the first round of tariffs on Chinese goods. China slapped retaliatory tariffs on American goods in response, a move as predictable as it is time-honored. Even free market Adam Smith, arch-enemy of protectionism, wrote in “The Wealth of Nations,” that “when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into their country,” revenge “naturally ... (full story)