President Donald Trump announced new tariffs of 10 percent on $200 billion worth of Chinese exports, marking a significant escalation in economic tensions between Washington and Beijing (his administration had already imposed tariffs of 25 percent on $50 billion in goods from China) and casting further doubt on the possibility of a detente.At the end of July, expressing cautious optimism that the two countries would find a way to accommodate one another, Apple CEO Tim Cook observed that there exists "an inescapable mutuality between the U.S. and China (such) that each country can only prosp…READ FULL ARTICLE