The administration is engaging in a giant game of chicken—and there's no reason to believe the other side will blink first.

When the president threatens to blow up the global economy, he is really playing to a domestic audience.

China's farmers see the trade war as an act of American aggression.

The economic impact will probably be minimal, says Peter Chase. But boy do they throw a wrench into existing trade treaties.

The president announces tough tariffs on steel. The media goes crazy. The president wrings meaningless concessions out of U.S. partners and then lauds his own deal-making prowess. And scene.