The escalating U.S.-China trade war reflects a hardening strategic competition between two major powers, not merely tense negotiations for short-term political gains.While few analysts doubted that China would meet American pressure with counter pressure, many analysts questioned whether the Trump administration was serious about leveling the playing field with its largest trading partner.But on Thursday Washington began imposing a 25 percent tariff on $16 billion of Chinese imports, while threatening to enact duties on an additional $200 billion worth of goods.China responded in kind, ratc…READ FULL ARTICLE
