For the Chinese, Trade War Success is a Matter of Pride

The trade war between the United States and China is heating up. Back in May, the Trump administration raised tariffs on $200 billion worth of Chinese imports, claiming that backtracking on the Chinese side had led to a standstill in trade negotiations. The Chinese Ministry of Finance responded the following week by raising tariffs on $60 billion of US imports. The US responded in June by threatening to hit an additional $300 billion of Chinese goods with tariffs before President Donald Trump said he would first seek to negotiate directly, but US and foreign companies alike are now getting antsy as talks appear to have stalled.

The trade war between the United States and China is heating up. Back in May, the Trump administration raised tariffs on $200 billion worth of Chinese imports, claiming that backtracking on the Chinese side had led to a standstill in trade negotiations. The Chinese Ministry of Finance responded the following week by raising tariffs on $60 billion of US imports. The US responded in June by threatening to hit an additional $300 billion of Chinese goods with tariffs before President Donald Trump said he would first seek to negotiate directly, but US and foreign companies alike are now getting antsy as talks appear to have stalled.