Chad Bown is a fellow at the Peterson Institute for International Economics in Washington, DC and cohost of the excellent Trade Talks, a weekly podcast on the economics of international trade policy. In this episode, we discuss the competing grand strategies of US and China as well as their different tactics for executing their trade war policies. We touch on potential internal inconsistencies in Trump's trade outlook, the implications for the USD and RMB, as well as potential endgames. Outtro music by VaVa