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Evening Standard
Evening Standard
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Peter Frankopan

OPINION - The US-China trade war is about to get worse — and it will get worse for Americans first

Can they contain this? Even if the US and China make a swift agreement, America will still have a $2 trillion hole to fill - (Getty Images)

According to “many, many people”, Donald Trump told supporters this week, these have been “the most successful first 100 days of any administration in the history of our country”. Much depends on what “successful” means — and for whom. Anyone with a pension or who owns shares would struggle to agree: Trump’s first days in office have been the worst for stock markets in more than half a century, with trillions knocked off valuations.

Trump’s abrasive character, language and policy-making have not only riled rivals around the world, but long-standing allies, too. His administration has threatened to take control of Greenland, the Panama Canal and Canada, showing little regard for international law.

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