BEIJING -- Last month, U.S. President Donald Trump enacted steel and aluminum tariffs aimed squarely at China. On April 2, China retaliated with tariffs on 128 American products. Trump then announced 25% tariffs on another 1,300 Chinese products, representing some $50 billion of exports. In response, China threatened 25% tariffs on 106 U.S. exports (including soybeans, cars, and airplanes), to go into effect whenever the U.S. tariffs do.
Yes, if these measures go into effect, it will amount to a trade war -- one that the United States is not likely to win.
