“A dizzying escalation of tariffs has unraveled a trade relationship between the United States and China forged over decades, jeopardizing the fate of two superpowers and threatening to drag down the world economy,” the New York Times reports.
“The brinkmanship displayed by the two countries has already far exceeded the battles they waged during President Trump’s first term.
In 2018 and 2019, Mr. Trump raised tariffs on China over 14 months. The latest escalation has played out mostly over a matter of days, with levies that are far greater and apply to broader swath of goods.”