HONG KONG/SHANGHAI -- China on Saturday awoke to news that U.S. President Donald Trump was imposing a new tariff on its goods, reigniting fears of a superpower trade war that would ripple through the global economy.
Analysts see U.S. move as attempt to gain leverage in superpower negotiation
A cargo ship waits off the coast of California: U.S. President Donald Trump's administration has announced new import tariffs, including a 10% levy on Chinese goods. © Reuters
HONG KONG/SHANGHAI -- China on Saturday awoke to news that U.S. President Donald Trump was imposing a new tariff on its goods, reigniting fears of a superpower trade war that would ripple through the global economy.