71. China responded with a list of prospective tariffs, which, if imposed, would mark the beginning of a major trade war. 72. China has vowed to retaliate, and analysts say the risk of a trade war, with tit-for-tat sanctions and counter-sanctions, looms large. 73. Clinton clearly would prefer to avoid a trade war with China. 74. Company executives and government officials on both sides of the Atlantic acknowledge that would lead to a trade war. 75. Copyright piracy is an issue American business rightly feels strongly about, to the point of being willing to risk a trade war. 76. Despite the warning by President Fernando Henrique Cardoso that the potential for an all-out trade war existed, the government has recently become more conciliatory. 77. Despite the high stakes, Kantor scoffed at the suggestion that the US action could ignite a trade war. 78. Diplomats fear that the dispute could escalate into a trade war and jeopardize the organization. 79. DISPUTE OVER MAGAZINES IS SETTLED Canada and the United States averted a trade war with an agreement that resolves a protracted dispute over Canadian barriers to American magazines. 80. Eaton dismissed the idea of a trade war resulting from sanctions. |