Trade war tariffs are new normal and may be difficult to remove, says former US ambassador to China

A former US ambassador to China has said the tariff war had become the “new normal” in the countries’ relationship despite the resumption of trade talks.Max Baucus, the top US envoy in Beijing from 2014 to 2017, said on the sidelines of a US-China trade relations event in Hong Kong that it would be difficult for the world’s two largest economies to cancel their existing tariffs on each other’s products.“We have a new normal that the tariffs will continue in the indefinite future,” Baucus, also…

source https://www.scmp.com/news/china/diplomacy/article/3017992/tariffs-are-new-normal-and-may-be-difficult-remove-says-former

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