James Alexander Michie | CBC News: China has unused weapons in escalating trade war: Don Pittis

China plays a careful strategic game in the face of conflicting U.S. statements on trade

China has opened the door to new lending to help small and large companies survive the adjustment to U.S. tariffs. (Reuters)

With only days to go before China and the United States trigger punishing tariff penalties on one another's exports, it seems impossible to imagine either country backing down.

As both sides talk tough, once again global markets, including in Shanghai, New York and Toronto, declined sharply.

On Sunday, China had announced its latest weapon in its economic battle with the U.S., namely 700 billion yuan ($142 billion Cdn) in new stimulus for domestic industries.

Read the full story here:
http://jamesalexandermichie.com/james-alexander-michie-cbc-news-china-don-pittis/

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