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  • The Christian Science Monitor

    Yes, a trade war could hurt everyone. But we're not there yet.

    Mar 22, 2018 4 minutes

    The saber-rattling has been growing louder for months.

    “We are losing to China,” US Trade Representative (USTR) Robert Lighthizer told a House committee on Wednesday.

    “China is not afraid, nor will it dodge a trade war,” China’s former Vice Commerce Minister Wei Jianguo responded in an interview with Bloomberg.

    On Thursday, the Trump administration pulled out its saber – announcing it would impose tariffs on at least $50 billion worth of Chinese goods pouring into the United States. That’s part of a gargantuan $568 billion trade deficit, the gap by which America’s imports exceeded its exports last year.

    “It’s out of control,” President Trump said.

    Sanctions as bargaining tools?Signs of flexibilityInterdependent nationsThe last real trade war: 1930s

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