Trump’s escalating clash with China raises the stakes for the global economy.

 

President Donald Trump is heading into another volatile week of his trade wars facing an urgent need to de-escalate the clash he ignited with China before it inflicts deep damage on the US economy.

Chinese President Xi Jinping is so far declining US pressure to call his American counterpart to seek a “deal” after the United States imposed 145% tariffs on its superpower rival, setting off a long-feared direct confrontation. More...