The midterms are coming, US and China are not talking, the trade war has been escalating, what should we expect next? Before I go in-depth to share on the overall big picture and potential outcome of the US-China trade war, let’s do a quick re-cap on what had happened so far. July 6, 2018 (Round 1) [1] US implemented a 25% tariff on US$34 billion worth of 818 imported Chinese goods. China responded swiftly on the same day by retaliating a 25% tariff on US$34 billion worth of 545 imported US goods. August 23, 2018 (Round 2) [1] US implemented a 25% tariff on US$16 billion worth of 279 goods imported from China. China retaliated back on the same day by retaliating a 25% tariff on US$16 billion worth of 333 goods imported from the US. September 24, 2018 (Round 3) [1] US implemented tariffs on US$200 billion worth of...