The trade war roiling the global economy is being fought not trench by trench but product by product. A typical salvo was a tariff placed by the U.S. in 2018 on imports from China of “Harrows (other than disc), scarifiers, cultivators, weeders and hoes for soil preparation or cultivation.”Beyond the fine print are broad issues such as market access, intellectual property and the proper role of government in the economy.The struggle between a rising superpower and an incumbent one is playing out alongside a deepening competition for advantage in emerging technologies.
1. Why are we in a trade war? […]