In March 2018, President Trump stated that ‘trade wars are good, and easy to win’ as he sparked a trade war with China to fight what he called the country’s unfair bilateral trade balance and intellectual property theft. The trade war has taken longer than expected to “win,” especially as rhetoric on both sides heats up. Recent aggressive actions by the US, followed by China’s currency devaluation and Secretary Mnuchin’s labeling China a ‘currency manipulator’ have wreaked havoc on financial markets and have injected uncertainty into the economy.