Economics
Trump Still Has Plenty of Ways to Escalate His China Trade War
- Targeting the dollar, more tariffs give scope to add pressure
- Market turmoil may temper use of tools to leverage on Beijing
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The trade war’s August escalation has spooked markets -- and central banks -- around the world. The bad news, though, is that while President Donald Trump has fired two large weapons in the past week by green-lighting his biggest swathe of tariffs yet and formally branding China a currency manipulator, his arsenal is far from exhausted.