U.S. ‘Blackmail’ Is Bitter Pill For Chinese Stocks
China is not amused.
That assessment applies pretty much across the board to whatever it is that the U.S. is doing on trade on any given day, but it's especially true on Wednesday, after reports indicated that Trump has instructed Robert Lighthizer to up the ante by raising the tariff rate to 25% on prospective duties aimed at some $200 billion in Chinese goods. This decision isn't final and is subject to public review, but Trump has shown time and again that he doesn't care much for public op