translated from Spanish: Trade war between the United States and China: what to expect and how it affects us?

Trump’s “Make America Great Again” clashes with Xi Jinping’s “Chinese Dream.” For almost a year they have been concretizing in tariffs on mutual imports, which after 90 days of truce, Mark a panorama that is far from cooling. 
Last week the meetings passed in Washington in a gesture of rapprochement from China, which sent Liu He, the main trade negotiator of the People’s Republic, to put what was supposed to stand in tensions affecting their own economies But also to global growth. There was no such brake but, on the contrary, an escalation in tensions. Trump’s response was to re-increase tariffs and the accusations came from his tuiter: “We are right where we want to be with China. Remember, they broke the deal with us and tried to renegotiate. We’re going to take tens of billions of dollars in Chinese tariffs. ” 

We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate. We will be taking in Tens of billions of dollars in Tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries… — Donald J. Trump (@realDonaldTrump)
May 12, 2019

United States vs. China
Trade wars exist since international trade exists and offensives are given in the form of tariffs and/or import quotas. It is basic: I limit or urge your products so discouragement your sales. But it is no less that this dispute occurs between those who concentrate 40% of global production, so the consequences are felt beyond their borders. However, the impact on the economies involved weighs on its own: only in 2018, between the United States and China, about 660 billion of dollars were exchanged. Although the comings and goings of products and services are not symmetrical. China buys less than a quarter of what it sells to Americans and here is American anger, with its consequent account deficit. In turn, the Asian giant is accused of stealing the intellectual property of American products and favoring its state-owned enterprises through subsidies. It doesn’t end here. It is complains that its economy, although it is said open, is concentrated in Chinese funds which would not be according to the globalized world, and less to the demands of the American and European investors who want their part in the business. 
For its part, the Asian giant accuses the United States of having begun the greatest commercial war in history. In July last year, Trump imposed tariffs on products worth a total of 250 billion dollars. China responded with tariffs to US products worth 110 billion dollars. At the beginning of this year, tariffs on Chinese products valued at 200 billion of US dollars were to be raised from 10% to 25% according to the American schemes, but finally that hike was delayed after the truce that lasted more than 90 days, even if it came to an end. Almost everything made in China will be a more expensive room, loose discouragement.

.. There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse! — Donald J. Trump (@realDonaldTrump)
May 13, 2019

”
There will be no one left in China to do business. Very bad for China, very good for America! But China has taken such advantage from the United States for so many years, that they are far ahead (our presidents did not do the work). So China should not retaliate-it will only get worse!
”

Although Trump complained and threatened that it would be worse, China responded and announced new tariffs, valued at 60 billion dollars, from next June 1 to American products. What do you expect?
All international specialists and agencies (including the IMF) agree that these measures would negatively strike both countries and the world. But, according to China’s Global Times, trade talks remain on the rise, and both delegations agreed on a new round of meetings, now in Beijing. Not everything is lost though the consequences are already in sight.
In particular interest for Argentina, the fall in the price of soybeans is deepened, which remains in the lows of the last 10 years after the announcements of tariff increases. To be expected since China is the world’s largest importer of soybeans and the United States its main seller. While this could bring some business opportunity for Argentine soy producers, from the government look closely at the price of soy as they constitute the entry of principal dollars for May and June. As for the resolution of the conflict, it is clear that the fight is not simply commercial. It is a fight between giants, where the United States seems stubborn in proving that it is the largest while China maintains its growth in a sustained manner, strengthening its illusions of becoming the Great Empire again. In this note:

Original source in Spanish