Prepare for a Prolonged Trade War

If the China-U.S. conflict is only over economics, there are a few potential solutions — but none of them are particularly easy

So, it begins. The U.S. and China are at loggerheads over trade again. The 11th hour U-turn on Mexico and Canada tariffs did not happen for China, so a blanket additional 10% duty on all Chinese imports are officially in force.

Beijing responded immediately with tariffs on selected U.S. products, export controls of critical minerals and antitrust probe into American companies. The swift reaction suggests these measures were well planned to show that China does not yield to undue pressure.