"We're in a trade slap-fight right now," not a trade war, said Derek Scissors, resident scholar and China specialist at the conservative American Enterprise Institute.
US vs. China: a 'slap-fight,' not a trade war. So far →
"The major impact is still cloudy," said Derek Scissors, an Asia economics analyst with the American Enterprise Institute in Washington.
China stock market crash: No worries about impact on U.S. economy -- yet →