Pettis: China Has Most To Lose In Trade War
Global markets rallied strongly after Chinese President Xi Jinping appears to have taken the first step in backing away from a trade war with the U.S., promising to cut tariffs on auto imports and other products.
In a widely anticipated speech at the Boao Forum for Asia, dubbed as the “Asian Davos,” Xi used the event as an opportunity to reiterate China’s plans to open up its economy, ease import . . .
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