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US vs. China: a 'Slap-Fight,' Not a Trade War — So Far

First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng.  On Wall Street, the stock market buckled on the prospect of an all-out trade war between the world's two biggest economies. But it hasn't come to that - not yet, anyway. "We're in a trade slap-fight right now,'' not a trade war, said Derek Scissors, resident scholar and China...

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