The trade war between the U.S. and China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand -- and they’re set to unleash a fall offensive.
Talks in Washington this week yielded little visible progress toward a cease-fire between the world’s two largest economies. Looming instead are new tariffs that Trump has threatened to impose on some $200 billion in annual imports from China, and Beijing’s already-promised retaliation.
“We’re facing an escalating trade war over the next few months,” says David Dollar