The U.S.-China trade war escalated again in late August, with each side imposing duties on an additional $16 billion of imports from the other. That brings the total value of exports exposed to duties to more than $50 billion each way, with billions more in the crosshairs. Despite assurances from President Donald Trump, this may be a long and costly conflict with economic casualties mounting on both sides of the Pacific.
Trumps trade team argues that the duties are needed to force China to improve its protection of intellectual property and reform its trade policies more generally.…
In a trade war with China everyone loses
