July 6, 2018
A ship hauls containers at a container port in Qingdao in eastern China's Shandong province Friday, July 6, 2018. The United States hiked tariffs on Chinese imports Friday and Beijing said it immediately retaliated in a dispute between the world's two biggest economies that President Donald Trump says he is prepared to escalate. (Chinatopix via AP)
Stories this photo appears in:
The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy.