
Can you win a trade war?
According to US President Donald Trump "trade wars aren't so bad". Recently his government surprised the world by announcing unexpected big increases in import taxes - or tariffs - on steel and aluminium.
Mr Trump believes that this is one way to do something about America's huge trade deficit, which he says stems from the nation being "taken advantage of" by other countries for decades. The US also threatened tariff increases on a huge range of other products, including many from China. The Chinese government responded in kind, raising tariffs on American imports of everything from cars to…
The skinny
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