U.S.-China fight over manufacturing subsidies just getting started

Stephen Olson is senior adjunct fellow with the Pacific Forum, a foreign policy research institute based in Honolulu, Hawaii, and a visiting lecturer and nonresident fellow with the Clayton Yeutter Institute of International Trade and Finance in Lincoln, Nebraska.

U.S. Treasury Secretary Janet Yellen did not achieve any significant breakthroughs on her trip earlier this month to China, but this had been expected. Yet her visit was noteworthy nonetheless in underscoring the looming collision between the two governments over China's surplus industrial production.