U.S. is losing economic war on China

U.S. President Donald Trump-supported by most of the U.S. establishment-deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic attack on China would miraculously create economic prosperity for them. In 2018, Trump slapped tariffs on more than $200 billion worth of various Chinese goods. Then, Trump’s administration went after Chinese high-tech firms such as Huawei, ZTE, ByteDance (the owners of TikTok), and WeChat. None of this has worked very well. Trump faces negative legal judgments about his “trade war,” and the U.S. economy slips…