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China-U.S. commerce tit for tat on tariffs

WASHINGTON — First, america imposed a tax on Chinese language metal and aluminum. Then, China counterpunched Monday with tariffs on a bunch of U.S. merchandise, together with apples, pork and ginseng.

On Wall Road, the inventory market buckled on the prospect of an all-out commerce battle between the world’s two greatest economies. Nevertheless it hasn’t come to that — not but, anyway.

“We’re in a commerce slap-fight proper now,” not a commerce battle, mentioned Derek Scissors, resident scholar and China specialist on the conservative American Enterprise Institute.

China is a comparatively insignificant provider of metal and aluminum to america. And the $three billion in U.S.

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