Donald Trump picks the wrong trade fight with China
economist.comPublished: 4/29/2025
Summary
President Trump flexes his trade muscles once again as he declares confidence in America’s ability to prevail in a “pain-infliction” trade war with China. His unwavering belief reflects a cherished conviction: that past leaders permitted China to siphon American jobs and industries via naivety and greed. Trump suggests that tariffs on Chinese goods will soon tip the balance, but China’s treasury secretary predicts they’ll respond by de-escalating if Trump backs down first. The battle rages on.