Tit-for-Tat Tariffs: China and Trade War

tit-for-tat tariffs: That logic explains why China is unswervingly tethered to its non-stop opening-up drive and reforming its economic system in all facets, even when the country is forced into a battle of tit-for-tat tariffs with the US on a massive, unprecedented magnitude, according to Global Times China. In past years China has tried its utmost to add to its market's allure, and investments from Germany, Britain, France, Japan, South Korea and many other countries are swarming in. China has a two-pronged goal - making its economic pie bigger in order to enrich its own citizens, and making the 1.4 billion-population Chinese market fatter and more lucrative, so that all aligning and cooperating economies could benefit and share in China's economic success. Since the trade war broke out in 2018, China has opened its arms to embrace foreign businesses. Now, as promised, China is earmarking more lands pegged with favorable taxation policies and logistical support to attract foreign investors. Even if one or two US companies decide to exit the Chinese market, their void will be quickly filled by others. (news.financializer.com). As reported in the news.