US Vs. China: Currently A 'Slap-Fight,' Not A Trade War
First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng. On Wall Street, the stock market buckled on the prospect of an all-out trade war between the world's two biggest economies. But it hasn't come to that — not yet, anyway.