The situation in China as the trade war with the US beckons

On Monday, I mentioned that White House Director of the National Economic Council Larry Kudlow had said on CNBC that the US wants to build a “coalition of the willing” to fight China on trade. And so, the fear in China, I understand, is that the US moves from unilateralist to 'coalition of the willing' in confronting China on trade issues. I've heard this from multiple sources. But Tom Mitchell in yesterday's FT says it best:
As another fruitless round of China-US talks to avert a trade war wrapped up in Washington on August 23, foreign officials were arriving in the US capital for a potentially far more consequential meeting the next day. The occasion was an unusual trilateral forum that brings together trade officials from the US, EU and Japan. Their mission: to combat the allegedly unfa...

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