Tide is in America's favour in row with China

With US less dependent on exports than China, Beijing is unable to impose reciprocal tariffs on US goods without losses.
With US less dependent on exports than China, Beijing is unable to impose reciprocal tariffs on US goods without losses. PHOTO: REUTERS

HONG KONG - With both the United States and China wanting to make their countries great again, a fight was inevitable and given the kind of leverage the former can wield, the tide is in America's favour.

The long and short of it is that the US is way less dependent on exports than China.

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