Economy & Politics

How China won Trump’s trade war

In 2018, US President Donald Trump wrote on Twitter: “Trade wars are good and easy to win.” It was then that he began to impose tariffs on imports from China of around $ 360 billion. It should turn out to be wrong on both counts.

Even before the coronavirus infected millions of Americans and triggered the steepest economic downturn since the Great Depression, China withstood Trump’s tariff salvos, exactly by the standards the US president used to justify it. After China got the virus under control, the surplus in trade with the USA increased despite the tariffs due to the demand for medical devices and home office equipment.

True, the trade disputes

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