Market moves suggest China will blink first in the trade war, but US political pressures hint otherwise, experts say
2018-08-04 09:55:15 source：CNBC
August 4, 2018
Trade tensions between the world's two largest economies have ratcheted up significantly in the past weeks, putting pressure on both the U.S. and China to end the standoff. But which side will blink first?
The The U.S. has already imposed tariffs on $34 billion in Chinese imports, which were met with retaliatory charges by the Asian nation. After President Donald Trump instructed U.S. Trade Representative Robert Lighthizer to consider raising proposed tariffs on $200 billion in Chinese goods to 25 percent from 10 percent, the Chinese Ministry of Commerce responded with a retaliatory threat on Thursday.
Market moves suggest China — where the Shanghai index recently lurched into bear market territory, even as U.S. bellwether indexes have kept above water — may be the first to blink in the trade war. Yet strategists say there's much more to it than that.
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