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Trump has already lost his trade war against China

Trump has already lost his trade war against China

Beijing is hardly likely to roll now that it is the world’s industrial hegemon and financial creditor.

China had nothing to do with last week’s Treasury rout, the defining fiasco of Donald Trump’s mad antics. AP

America has misjudged China horribly before. Hyperpower hubris turned the Korean War into a direct conflict between US and Chinese troops.

Then-president Harry Truman thought he had free licence to hurl parts of the US Eighth Army across the 38th parallel in October 1950 and roll back the whole of communist North Korea. Advisers assured him that the infant regime of Mao Zedong was too weak to intervene, and too ill-equipped to make much difference if it dared. It was the worst failure of US strategic analysis in modern times.

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The Telegraph London

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Ambrose Evans-Pritchard
Ambrose Evans-PritchardGlobal economy commentatorAmbrose Evans-Pritchard is a columnist at the Telegraph, London.

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Original URL: https://www.afr.com/world/asia/trump-has-already-lost-his-trade-war-against-china-20250416-p5lscg