The US-China trade war recently escalated with Donald Trump's decision to increase tariffs on $200 billion of Chinese imports. As trade talks fail to overcome political barriers between both countries, China is feeling immediate economic pressure.
New Tariffs, New Challenges
The trade agenda is not looking easy for Chinese leaders at Zhongnanhai. On Sunday, May 5th, President Trump threatened to raise tariffs on $200 billion of Chinese goods. Trump tweeted that "the Trade Deal with China continues, but too slowly, as they attempt to renegotiate." The new tax came into effect on May 10th. He