The Trump administration has announced a 245% tariff on some Chinese imports to the US, escalating the trade war. China has retaliated by restricting US exports and procurement of Boeing aircraft. The US accuses China of restricting supplies of critical high-tech materials. China calls for dialogue based on equality and mutual benefit. Martin Wolf, chief economic commentator at the Financial Times, calls Trump’s tariffs ‘utter lunacy’ and believes Xi Jinping will not buckle under US pressure. #uschinatradewar #tariffs #trumpadministration #itwebvideos #xijinping #globaleconomy #tradepolicy #boeing #hightechmaterials #semiconductor
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