18-09-2018 14:05 via 10tv.com

China looks unlikely to give in after US tariff hike

BEIJING (AP) — Exporters scrambled to replace lost orders after U.S. President Donald Trump raised tariffs in July on $50 billion of Chinese imports. Waves of job losses loom over factory towns. But Chinese leaders expressed confidence in their $12 trillion-a-year economy and refused to budge on tactics they see as a path to prosperity and global influence.Economists, political analysts and business groups say China's leaders appear no more likely to back down after Trump approved penaltie
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