China will benefit from the Trump tariffs



Trump asserted that “trad wars are easy to win.” So far, it doesn’t look like Americans are winning. But in the longer term, Trump may be right: his trade war may be easy for China to win:

“Liberation Day isolates America from the rest of the world by incentivizing all other countries to trade with each other instead of America,” said Frank Tsai, an adjunct professor at the Emlyon Business School’s Shanghai campus. “China now has a golden opportunity to beat America at its own game.”

https://finance.yahoo.com/news/trump-gives-china-xi-chance-122001974.html 

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