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Sino-US Trade War: Why bother?

Guest commentary by Li Yong

While the banging of Trump’s protectionist drums during the campaign trail still echo, there are other noisy speculations about the coming trade war between China and the United States, which has been seen as Trump’s effort to rescue America's lost jobs and part of his strategy to “Make America Great Again”. Some people have started to paint the picture of trade war, calculating the alternative degree of damages of tariff imposition at the level of 45%, 15% or 10% on Chinese imports.

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