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The US-China trade war has begun

David Dollar
David Dollar Senior Fellow - Foreign Policy, Global Economy and Development, John L. Thornton China Center

July 6, 2018

U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. Damir Sagolj: "It's one of those "how to make a better or at least different shot when two presidents shake hands several times a day, several days in row". If I'm not mistaken in calculation, presidents Xi Jinping of China and Donald Trump of the U.S. shook their hands at least six times in events I covered during Trump's recent visit to China. I would imagine there were some more handshakes I haven't seen but other photographers did. And they all look similar - two big men, smiling and heartily greeting each other until everyone gets their shot. But then there is always something that can make it special - in this case the background made of U.S. and Chinese flags. They shook hands twice in front of it, and the first time it didn't work for me. The second time I positioned myself lower and centrally, and used the longest lens I have to capture only hands reaching for a handshake." REUTERS/Damir Sagolj/File Photo SEARCH "POY TRUMP" FOR THIS STORY. SEARCH "REUTERS POY" FOR ALL BEST OF 2017 PACKAGES. TPX IMAGES OF THE DAY - RC1B1E5EF340

Senior Fellow David Dollar gives an update on the U.S. tariffs directed at Chinese steel and aluminum that go into effect today, and makes predictions on how both countries’ economies will be affected by the ensuing trade war.

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Authors

David Dollar Senior Fellow - Foreign Policy, Global Economy and Development, John L. Thornton China Center

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Foreign Policy

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China