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Here's Where China Stands as Tariff Hour Nears
Bloomberg: Friday July 6 is the date when the world’s two largest economies are due to slide deeper into a trade conflict that’s roiled markets and cast a shadow over the global growth outlook.
In Beijing, policy makers are digging in for what could be a protracted fight -- one they say they won’t be the aggressor in. If the U.S. begins imposing additional steep tariffs on Chinese imports as of Friday, then Beijing is poised to respond in kind. With further tit-for-tat levies already threatened, this week could mark the start of a new and dangerous phase.
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