The United States has finally taken a direct shot at China's trade and economic policies. On March 22, U.S. President Donald Trump announced a response to Beijing's intellectual property policies following a seven-month investigation conducted by the Office of the U.S. Trade Representative under Section 301 of the Trade Act of 1974. The measures, including additional tariffs on certain Chinese goods and cases against China in the World Trade Organization (WTO), are bound to provoke a retaliation from Beijing. Whether this is the beginning of an escalating trade war between the United States and China, however, depends on how Washington moves forward....
