Tensions Between China and U.S. Run Deeper Than Just Trade

  • Hardliners want China to dismantle industrial policy: Kroeber
  • Steel tariffs show Trump’s trade rhetoric turning into reality

China Dumbs Down Talk of Trade War as Mnuchin Cites Imbalance

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Trade spats have long been a feature of the U.S.-China relationship, but the current escalation in tensions is sparking warnings of something deeper: a battle over who secures the bigger spoils of the global economy.

On one side is Xi Jinping’s newly strengthened Communist Party, expanding its influence at home and abroad -- including through a new regulatory regime that will tighten oversight of all aspects of the economy.