https://www.cnbc.com/2018/07/26/china-has-lots-of-ammunition-in-trade-war-economiststephen-roach.html

Qualcomm's termination of its proposed acquisition of rival chipmaker NXP reveals China has plenty of options in its trade war with the U.S., Yale economist Stephen Roach told CNBC on Thursday.

"It's a reminder that trade wars are maybe not that easy to win," Roach, a senior fellow at Yale and former chairman of Morgan Stanley Asia, said in a "Squawk Box" interview. "And China has a lot of ammunition up its sleeve."