* Middle East

The Unwinnable Trade War

Everyone Loses in the U.S.-Chinese Clash—but Especially Americans
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   In late June, the leaders of China and the United States announced at
   the G-20 meeting in Osaka, Japan, that they had reached a détente in
   their trade war. U.S. President Donald Trump claimed that the two sides
   had set negotiations “back on track.” He put on hold new tariffs on
   Chinese goods and lifted restrictions preventing U.S. companies from
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   countries.

   The parties to this trade war may yet step back from the abyss. There
   have been over a dozen rounds of high-level negotiations without any
   real prospect of a settlement. Trump thinks that tariffs will convince