Intro

President Trump’s fury with China shows no sign of abating. High tariffs - first imposed by the US but now on both sides - are giving way to a very real trade war between the world’s two biggest economies. China’s President Xi Jinping is refusing to blink - so far - and in the past week he's been on the road in South East Asia, visiting Vietnam, Cambodia and Malaysia. Where this goes now depends in large part on China's calculations about the capacity and determination of both sides to endure a trade war. So what cards does China hold ? And what are the implications for China's own economy and for the rest of us?

Guests: Damien Ma, Economist, Kellogg School of Management, Chicago Rana Mitter, ST Lee Chair in US-Asia Relations at the Harvard Kennedy School Isabel Hilton, visiting Professor at the Lau China Institute, King's College, London David Henig, Director of the UK Trade Policy Project

Presenter: David Aaronovitch Producers: Caroline Bayley, Kirsteen Knight, Lucy Pawle Production co-ordinator: Gemma Ashman Sound Engineer: James Beard Editor: Max Deveson