SHANGHAI -- More than a week has passed since the U.S. and China fired the opening shots in what is turning out to be an escalating trade war that has yet to produce any visible winners in either of the world's two biggest markets.
When President Donald Trump's White House initiated 25% tariffs on $34 billion worth of Chinese goods on July 6, China immediately retaliated with a 25% duty on $34 billion of U.S. imports.
