Tit-for-tat probes and tariffs have characterized the trade relations with the EU and U.S. partners.
Trade tiffs between the world's second-largest economy and the West continue to intensify this year, with Beijing in recent months hitting back with its own protectionist measures amid concerns that low-cost Chinese goods are outcompeting local markets.China on Tuesday announced an 'anti-discriminatory' investigation against Canada after Ottawa last week announced that it would slap higher tariffs on Chinese goods.These will include 25 percent duties on Chinese steel and aluminum.
On the one hand, Democrats want to appear strong against China. 'But there is so much pushback from industry and from domestic stakeholders who argue that the new tariffs are going to be destructive to the U.S. economy, so kicking the can seems like an attractive option right now,' Denamiel told radio network Voice of America.The European Union took a major step in its crackdown on alleged Chinese overcapacity in June.
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