The contradiction at the heart of Trump's trade war

President Trump's trade war with China has entered the winter of its discontent. The U.S. and China imposed another round of tit-for-tat tariffs on one another earlier this summer, and the White House is threatening more duties on Chinese exports to come. Our trade deficit with China, which Trump consistently rails against, shows no sign of closing. The president's approval ratings are down, and the recent August jobs report left everyone a bit underwhelmed.

The grim results seem to have...

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