Business Standard

Behind the US-China trade war

This is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne. The rest is all theatre

Xi Jinping and Donald Trump.
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Xi Jinping and Donald Trump.

Harsh V Pant
It is a full-on trade war between two of the mightiest global powers and both sides are trying to play hardball. After imposing tariffs on $34 billion worth of Chinese goods in July, US President Donald Trump ratcheted up the pressure by going in for another $16 billion worth last month and ordering his administration to prepare to collect tariffs on $200 billion of Chinese trade on top of that. China has responded with its own set of reciprocal sanctions on the US products. There is a possibility that the two sides are getting ready for talks but ahead of
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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