U.S. Trade War With China

The projectiles are flying in the strengthening U.S. exchange war with other worldwide forces, and the losses are beginning to mount – in cutbacks, decreased laborer hours and more slender organization benefits.

China quickly blamed the US for beginning "the biggest exchange war in monetary history to date" and reacted by forcing 25 percent levies on $34 billion worth of US merchandise, including soybeans, autos, and lobsters.