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