How the U.S.-China Trade War Hurts the Rest of the World

<p>At the Group of 7 summit in France, President Trump seemed determined to prove that he can wage a trade war with China without hurting the economy. But there are already signs of distress. Guest: Peter S. Goodman, an economics correspondent for The New York Times. For more information on today’s episode, visit <a href="https://www.nytimes.com/thedaily" target="_blank">nytimes.com/thedaily</a>. </p><p>Background coverage: </p><ul><li>President Trump can confront China or expand the economy, but he <a href="https://www.nytimes.com/2019/08/26/business/economy/trump-china-trade-war.html?smid=pc-thedaily" target="_blank">can’t do both at the same time</a>, our economics correspondent writes in a news analysis.</li><li>Mr. Trump <a href="https://www.nytimes.com/2019/08/26/world/europe/g7-trump-china-trade-war.html?smid=pc-thedaily" target="_blank">shifted his tone on the trade war yet again</a> on Monday, calling President Xi Jinping of China a “great leader” three days after branding him an “enemy.”</li></ul>