China v/s US :The ultimate trade war
Of all the economic threats exchanged in recent times, the most frightful came from a man most readers might have to google: Cui Tiankai, China’s ambassador to the US. That is saying a lot, considering the tariff arms race being waged between Washington and Beijing.
US Prez, Donald Trump threw US$50 billion Xi Jinping’s way while China matched that amount, President Donald Trump threatened to toss another $100 billion of levies into the fire.
But that is mere noise compared to Cui’s suggestion that Beijing, America’s main banker, might consider scaling back on US Treasuries purchases.
