Washington Post

New round of US-China tariffs raise fears of an economic Cold War

A container ship sails towards Yangshan Deep Water Port in Shanghai on July 10, 2018. Foto: Bloomberg photo by Qilai Shen.

BEIJING - China said Tuesday it would retaliate for President Donald Trump's latest tariff salvo, risking further U.S. trade actions that could result in what some analysts are calling an economic Cold War.

By next week, the United States and China appear likely to be on the brink of slapping tariffs on their entire goods trade, which exceeds $635 billion annually...

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