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By David Scott | Monday 26 March 2018
The pretend trade war of the last year is over. President Donald Trump has signed into law tariffs on Chinese goods. These are “The first of many,” he said with defiant satisfaction as he signed off on the most dramatic trade sanctions since the Smoot-Hawley Tariff Act of 1930. The dispute centres as much on who will control the technology life-blood of the 21st century as it does on China’s $375bn (£265bn) trade surplus with the US.
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