China on the defensive and losing in trade disputes
Wall Street Journal:
China Is Losing the Trade War With TrumpTheir trade surplus alone put them at a disadvantage in the contest. But the US has also honed in on China's unfair trade practices and others are joining in.
It’s like a drinking contest: You harm yourself and hope your opponent isn’t able to withstand as much.
One thing came through loud and clear in President Trump’s press conference Wednesday with European Commission President Jean-Claude Juncker. When they announced an alliance against third parties’ “unfair trading practices,” they didn’t even have to mention China by name for listeners to know who their target was. Cooperation between the U.S. and EU will squeeze China’s protectionist model, and even before this agreement, there’s been evidence that China is already running up the white flag.