China winning trade war…using America’s own trade weapons to beat it

The Economist: China is winning the trade war. It has learned to escalate and retaliate as effectively as America. And it is experimenting with its own extraterritorial trade rules, thus changing the path of the world economy…

China had grasped that the trade war was about vulnerabilities as much as tariffs. It catalogued its own weaknesses and then set about identifying America’s. Seven years later, this foresight is paying off…

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Arnaud Bertrand on X