INSIDER
Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respond
Read full article: Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respondPresident Donald Trump has signed an order to impose stiff tariffs on imports from Mexico, Canada and China, drawing swift retaliation from the U.S.’s North American neighbors in an emerging trade war.
China has a $1 trillion trade war weapon. Will it ever use it?
Read full article: China has a $1 trillion trade war weapon. Will it ever use it?ChinaFotoPress/Getty ImagesBEIJING - In the US-China trade war, it's been a week of rapid escalation. In theory, Beijing could trigger a panic in bond markets by dumping some of the $1.1 trillion in US Treasuries that it owns. "But I think Beijing's primary motivation right now in the trade war is to be able to withstand pressure from Trump. "It needs that foreign inflow to cushion its currency during the trade war," Hirson said. Furthermore, China has few alternative places to park its $3.1 trillion in foreign reserves.