US-China Trade War: The Guns of August (PIIE)

August, which is supposed to be a somnolent month, has erupted in 2019 in a blaze of threats and tariff escalations. At times, President Donald Trump’s trade war with China has seemed like it was spinning out of control. A pivotal moment occurred August 23 when China announced details of its long-anticipated retaliation to Trump’s newest tariffs on $300 billion of Chinese imports. Trump’s immediate response was for yet another round of his own tariffs and a bizarre directive to US companies to pull out of China.

https://www.piie.com/blogs/trade-and-investment-policy-watch/us-china-trade-war-guns-august

Chad P. Bown (PIIE)

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