Trump has a point about China's technology abuses

Still basking in the afterglow from his summit with North Korean leader Kim Jong Un, President Donald Trump confirmed last week that the US would levy a 25 per cent tariff on over 1,000 products worth US$50 billion (S$68 billion) of Chinese exports, starting on July 6.

China immediately said it would retaliate in kind, targeting 545 categories of US products. Mr Trump's riposte this week was to threaten a 10 per cent tariff on a further US$200 billion worth of China's exports. From the foothills of a trade war with China, Mr Trump is now looking to a serious escalation that could unhinge the global economy.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on June 21, 2018, with the headline 'Trump has a point about China's technology abuses'. Print Edition | Subscribe