Why Trump's China Tariffs Bring Both Pain And Opportunity For Xi

U.S. President Donald Trump and Chinese leader Xi Jinping have fired the first shots of a new trade war with an exchange of hard-hitting tariffs that could have far-reaching consequences for the U.S.-China rivalry.

The tit-for-tat levies are a revival of the two years of trade tensions during Trump's first term in the White House, and they, once again, could bring economic pain to China.

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