China has reacted in kind to Trump’s tariffs, but a deal may still emerge

News Snapshot:

Moments after Donald Trump introduced tariffs of 10% on Chinese goods, Beijing retaliated with countermeasures. China’s finance ministry put tariffs of 10-15% on imports of a range of US goods and its anti-trust regulator announced an investigation into Google. Several US companies were also added to China’s “unreliable entity” list, potentially restricting their ability to conduct business in the country. China’s response stands in stark contrast to the reaction from the other countries hit by Trump’s trade war 2.0, Mexico and Canada. After last-ditch negotiations on Monday involving the Canadian prime minister, Justin Trudeau, and the Mexican president, Claudia Sheinbaum,...