This may prove to be only the opening salvo as Trump is also considering slapping a 10 percent tariff on an additional $200 billion of Chinese imports, and even more if Beijing hits back. He’s already imposed tariffs on the steel exports of some countries and is eyeing a 20 percent levy on car shipments from the European Union, according to Bloomberg.
Here is a collection of recent analysis from Bloomberg reporters and economists about what the face-off means for economies, markets, politics and companies.
Tough talk turns into tariffs in trade-war evolution: Timeline
The trade war between the US and the rest of the world is upon us, as tensions continue to rise amid a barrage of presidential tweets and new tariff orders.
Here’s How a Trade War Between the US and China could play out
President Donald Trump is betting Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured — and it could also take a while.
Can Trump win a China trade war? We may soon find out: QuickTake
Economists see a risk that the world is headed toward an all-out trade war, one the World Trade Organization may be ill-equipped to respond to.
Game theory shows how tit-for-tat tariffs can lead to trade war
Picking a fight with a trading partner seems like a bad idea, but it’s not necessarily irrational. Probing a partner’s weaknesses can be an effective way to get a better trade deal, according to game theory, the branch of mathematics that deals with strategy.
Trump’s trade war sets bigger booby trap for US economy
The escalating trade battle between the US and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy.
The ship caught in the middle as US and China zigzag on trade
A ship carrying sorghum is literally riding the waves of the fractious relationship between China and the US over trade.
Trump’s tariffs will pinch US consumers, retailers warn
Americans will pay more for everything from big-screen TVs to school supplies if the Trump administration follows through on threats to slap tariffs on Chinese imports, US retailers warned.
As trade war looms, China wonders whether it’s up for the fight
Xi Jinping vowed to match Donald Trump blow for blow in any trade war. Now as one gets closer, some in Beijing are starting to openly wonder whether China is ready for the fight — an unusually direct challenge to the leadership of the world’s second-largest economy.
One conclusion from trade tensions: The dollar is a likely loser
For investors struggling to handicap whether US President Donald Trump will stomach a full-blown trade war, some analysts boil the risks down to this: The dollar stands to lose.
Behind a calm S&P 500 facade, trade angst drives a widening rift
Don’t be fooled by the S&P 500’s resilience during the latest eruption of US-China trade tensions. Traders are bracing for fallout.