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Do tariffs work?

Mint Chennai

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October 22, 2025

With trade tensions between the US and China flaring up again, the spotlight is on how their game of mutually assured disruption plays out.

As China had pre-existent problems, it may seem more vulnerable. In the three months till the end of September, China’s economy grew just 4.8%, its weakest pace in a year. It could have been worse had a temporary trade truce not been struck earlier this year; Chinese exports to the US are down but not out. But with B

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