The Heat: China-U.S. trade conflict

The Heat

China is ready to retaliate after the United States threatens to impose new tariffs on Chinese imports. What could this escalating trade conflict mean for the global economy?

Beijing says it is prepared to strike back with retaliatory measures in response to more tariff threats by the United States. On Monday U.S. President Donald Trump said he would hit China with tariffs on $200 billion of Chinese goods if Beijing implemented reprisals for an earlier set of levies announced by the U.S.

On Tuesday, China’s ministry of commerce accused the United States of “extreme pressure” and says China will have no choice but to retaliate if the U.S. moves forward with a new list of Chinese products to be targeted.

Meanwhile, the rising trade tensions between the world’s two largest economies is being felt in global markets.

We begin with a report from CGTN’s Owen Fairclough.

To discuss:

  • Yun Sun is Director of the China Program at the  Stimson Center
  • Zhao Hai focuses on U.S.-China relations as Assistant Research Fellow, Chinese Academy of Social Sciences.
  • Dan Perkins is a businessman and conservative commentator.
  • Paolo von Schirach is president of the Global Policy Institute.
  • For more: