A senior fellow from Stanford University’s Hoover Institution named Niall Ferguson commented that the two leading economies in the world have already brought themselves to the first step of a long Cold War. Ferguson said this on September 6, 2019 to Steve Sedgwick at Italy’s Ambrosetti Forum. He further said that under the current circumstance, it was impossible for President Trump to put a stop to the trade conflict between U.S and China and mend the damage done.