The US is not prepared for a trade war on several counts, but the overriding concern is that if China does not back down, it could be harder to rein in after this.
A TRADE war between the United States and China may help resolve their deep differences, but the fight won't be easy. Trade wars are hard to start, end or win. Winning requires smarts, not bravado. If the Trump administration proceeds without adequate preparation, the US and...