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China should open auto market to break US trade war deadlock

A bold offer from Xi could pave the way to a broad economic deal with Trump

| China
Imported American cars in the Chinese coastal city of Tianjin   © Reuters

The ongoing U.S.-China trade war has entered tit-for-tat mode. The U.S. has started to collect 10% to 25% punitive tariffs on $250 billion in Chinese goods, about a half of Chinese exports to the U.S., while the Chinese government hit back by imposing similar duties on $110 billion of American goods, which account for 80% of U.S. exports to China.

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