US begins engagement in economic warfare against China.
Just hours after the White House revealed that it had extended exemptions on aluminum and steel import tariffs from the European Union, Canada, Mexico and several other countries, Nikkei reported Tuesday evening that China has presented the Trump administration with a plan to boost imports of aircraft, semiconductors and natural gas from the US to try and reduce its massive trade surplus.
However, Chinese officials are less enthusiastic about Washington's demands that it scrap its "Made in China 2025" initiative to bolster high-tech manufacturing in several key sectors.Fat chance China falls for it. Let's see what happens next.
Zero Hedge
White House Pushes Beijing To Roll Back "Made In China 2025" Initiative
Tyler Durden
