The U.S. and China have been trading blows this week over cooking oil, soybeans and renewed tariff threats, a confrontation that could have serious repercussions for the global economy. Dr. Deborah K. Elms, Head of Trade Policy at the Hinrich Foundation, believes Trump’s gamble that Xi will back down is unlikely to pay off.

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Produced by: Elaine Boey

Presented by: Shazana Mokhtar, Elaine Boey, Philip See

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Categories:  markets,  economy,  politics,  government,  international

Tags:  US farmers,  us-china trade,  soybean,  used cooking oil,  cooking oil,  president xi jinping,  president donald trump,  donald trump,  xi jinping,  tariff,  trump tariff,