Oil price could become weapon in US trade battle with China | Arab News:
It is no longer appropriate to talk about an imminent, looming or possible trade war between China and the US.
As of last week, when the Chinese retaliated with tariffs on $60 billion of American goods — a response to US President Donald Trump’s plan for higher tariffs on $200 billion of Chinese imports — the global economic system is right in the thick of a trade conflict that looks only likely to escalate.
The Middle East, though not one of the principal protagonists in a conflict that will wreak damage on the global economy, is caught in the crossfire, and could yet become one of the main battlefields.
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