<em>The Atlantic</em> Daily: Show Me the Money

What We’re Following

(Reuters)

China and the U.S. are on the brink of (yet another) trade war. The Trump administration is raising tariffs as a negotiation tactic in the latest trade talks between the two countries. Robert Lighthizer, the trade representative, has pushed for such brinkmanship to put an end to a Chinese campaign to steal American know-how, and to reverse the country’s decades-long buildup of global supply chains. Extracting concessions from China is a tough endeavor, and escalating tariffs into the billions may not be enough to tip the cost-benefit