I’m Not Totally Freaked Out by Trump’s Trade War With China—Yet

Courtesy of Slate. By JORDAN WEISSMANN

Donald Trump’s trade war with China is escalating, and fast. To briefly recap this week’s plot developments:

On Monday, the White House announced that it would place tariffs on an additional $200 billion worth of Chinese imports, on top of the $50 billion it has already hit.

Incensed, officials in Beijing to vowed to retaliate with tariffs of their own and hinted that they might cancel a planned round of trade negotiations.

Our president then warned that if the Chinese retaliated, he’d hit another $267 billion of the country’s goods with tariffs. “We don’t want to do it, but we’ll probably have no choice,” Trump said, a bit unconvincingly (he clearly wants to do it).

And to think, it’s only Wednesday.

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