US President Donald Trump may soon get a lesson about tangling with China on trade: Beijing can punch back.
China has a long history of tit-for-tat retaliation when it comes to trade disputes and may well dust off the same policy playbook in the wake of the Trump administration’s decision to slap tariffs on solar panels and washing machines.
The US will impose new duties of as much as 30 percent on imported solar equipment, the US Trade Representative’s office said Monday. Trump, who took office a year ago, also approved tariffs as high as 50 percent on imported washing machines, according