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Is Trump right to escalate the trade war with China?
The Trump administration is on the cusp of a trade war with China that has implications for broad swaths of the US economy, from soybean farmers to car and drug makers.

On Tuesday, Trump published a list of about 1,300 Chinese exports that could be targeted for tariffs. The US plans to apply the tariffs to about $50 billion worth of goods to punish China for its theft of trade secrets, including software, patents and other technology. Trump’s promise to take tough action against China’s unfair economic practices was one of his most popular campaign ideas.

China had already retaliated against Trump's recent steel and aluminum tariffs by imposing its own tariffs on more than 100 American products. Now, China has raised the ante with new tariffs on $50 billion worth of American goods, sparking fears that the countries’ escalating confrontation could become an all-out trade war.

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