China has the cards to call Trump's high-stakes raise: Gadfly
When a card player doubles down on a high-stakes bet, is that a sign of strength, or an over-played hand?That's what investors have to ask after President Donald Trump threatened to impose tariffs on a further $100 billion of Chinese imports.In one sense, such a move – if enacted – could turn the tide of this conflict in Washington's favor.Reciprocating tariffs from Beijing, when added to the $53 billion in trade that's already under threat, would max out China's ability t