- President Donald Trump and China have been engaged in a tense trade dispute for over five months.
- Both sides recently increased tariff threats.
- Trump threatened to slap 25% tariffs on $200 billion worth of Chinese goods, while China threatened tariffs on another $60 billion worth of US goods.
- The two sides do not appear to be talking, which raises the chances of a drawn-out trade war.
President Donald Trump’s trade dispute with China is entering its sixth month, and there are no signs it will end anytime soon.
Both Trump and China continue to issue new threats of tariffs. And negotiations have been scarce, increasing the possibility of a drawn-out trade war.
Ed Mills, a policy analyst at Raymond James, said in a note to clients that while the possibility of a breakthrough deal remained, it was unlikely to come without increased trade restrictions.
“We remain extremely concerned about the potential volatility between now and a breakthrough, especially as both sides are more inclined to elevate tension than blink,” Mills said. https://www.businessinsider.com/trump-china-trade-war-tariffs-no-end-2018-8