The U.S.–China trade war has unfolded like a boxing match. Both sides were trading blows, and suddenly, China threw a haymaker.

That’s the analogy William Lee, chief economist of the Milken Institute, used to describe the latest development in the economic confrontation between the two countries.

China tried to inflict maximum pain on the United States, but hasn’t improved its position and risks further isolation, experts say.{ai:summary}<p>The U.S.–China trade war is described as a boxing match, with both sides trading blows.</p><p>Milken Institute chief economist William Lee says China just landed a haymaker, signaling a sharper turn in the confrontation. #economy</p>

China Reveals Its Hand in Trade War, Risking Greater Isolation

Loading...