1. The trade war between the US and China is escalating. China allowed its currency to drop to new lows and halted purchases of American agricultural goods. The Trump administration labeled China a currency manipulator and announced plans to impose a 10% tariff on $300 billion of US imports from China, targeting everything from footwear to smartphones. Using the 21^st Century Political Risk and Globalization in the Age of Trump articles, analyze how U.S. companies with a presence in China should navigate the current competitive landscape.