Browne: US may have to sue for economic peace with China

Semafor’s Andy Browne: To apply military jargon to economic competition: Washington is losing its “escalation dominance,” meaning it can’t easily bully Beijing any more. China doesn’t just have the ability to soak up punishment from the US in the form of tariffs and sanctions — the culmination of decades of Chinese industrial policy aimed at self-reliance in core technologies. It also has the strength to strike back: Choking off the supply of rare earth magnets used in everything from cars to missiles soon brought US President Donald Trump back to the negotiating table with China after his “Liberation Day” tariff blitz…