Xi Weighs Retaliation After Trump Hits China With 10% Tariff (2)

As the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.

Following through on a threat made after he won the presidency, Trump on Saturday imposeda blanket 10% levy on China, and 25% duties on both Canada and Mexico, over their alleged failure to prevent undocumented migrants and illegal drugs pouring into the US. Within hours, Canadian Prime Minister Justin Trudeau unveiled a 25% counter-tariff on $107 billion of US goods, while Mexican leader Claudia Sheinbaum pledged retaliatory ...