Data shows US winning trade war with China

CNBC:

The U.S. and China fired their latest billion-dollar shots in the escalating trade war this week.

One market watcher is ready to declare a winner.

"You vote with your dollars and you look at the U.S. markets since the start of the trade war and it's done quite well. China really hasn't," Steve Chiavarone, portfolio manager at Federated, told CNBC's "Trading Nation" on Wednesday.

The S&P 500 and Dow broke records on Thursday, while the Shanghai composite was stuck in a bear market. The Chinese stock market index has fallen 24 percent since its highs set in late January.

The monetary impact of tariffs also tips the trade war in favor of the U.S., said Chiavarone.

"When we add up all the impact of tariffs, they come up to just a fraction of the stimulus being added into the economy in the U.S. and I think the market is really starting to ferret that out," he said.

By Chiavarone's calculation, the sum of tariffs over the next three years amounts to just one-tenth of the effect of stimulus. He estimates that tax cuts, repatriation and government spending should bring in around $2 trillion through to 2020, while this round of tariffs could total $200 billion over the same stretch.
...

It looks like those who were critical of Trump's policies were wrong in their analysis.  It is not just the stock market that is proving Trump's policies, but also the jobs market and the risiang standard of living of many Americans who were left behind by the Obama economy.

The disparity between teh US and the Chinese market is certainly a tell.