Trump, Xi wait to see who blinks first as trade fight heats up
The leaders of the world’s two biggest economies are waiting to see who backs down after firing the opening shots in a trade war. U.S. President Donald Trump took aim at China’s plans to dominate strategic technologies Tuesday by slapping tariffs on 1,333 of the country’s products – from semiconductors to lithium batteries. Chinese counterpart Xi Jinping’s government hit back with proposed levies on key American imports including soybeans and Boeing Co.