BEIJING: Tit-for-tat tariffs on products worth tens of billions have left the US and China teetering on the brink of an all-out trade war, one Beijing can ill-afford with headwinds mounting for its economy.
US President Donald Trump announced tariffs Friday on Chinese imports valued at $34 billion—with another $16 billion under consideration—prompting an immediate response from Beijing on American products worth the same amount.
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