The US-China trade war could get even uglier — and more expensive

Chinese leader Xi Jinping and US President Donald Trump are digging in their heels on trade.

Associated Press

• The US-China trade war has escalated with sweeping new tariffs and fresh export bans from Beijing.
• China's countermeasures exceeded market expectations, contributing to a global market rout.
• Analysts foresee prolonged tensions from mismatched negotiation styles between leaders of the two countries.

The US and China could be heading for a long standoff in their trade war...