Latest Trump tariff tweets signal new trade battle with China

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Following another weekend of Trump tariff tweets, in which further proposed duties on Chinese imports to the US were “announced”… Foxconn’s Terry Gou gave a press conference in Taipei in which he outlined how he thinks the next phase of the trade war will look. According to this report from the South China Morning Post, essentially it boils down to China eventually opening its domestic market to foreign investment, which will give US firms the chance to gain more direct control of their overseas production (ironically the very thing Trump claims to be attacking with the tariffs). “There will be an avalanche-style of market opening in mainland China, and the US will do all it can to establish a supply chain of its own”, he says, as the countries become embroiled in a post-trade war technology confrontation, he said.