Why China could win Trump’s trade war

The US and China are engaged in a trade war. (Image: Getty)

Sat, 03 May 2025

By Joseph C SternbergYou might think China is already losing the trade war. It isn’t – and it might even manage to come out on top, at least in the short term.Wednesday brought reports of plunging industrial activity in China as Mr.Trump’s 145% tariffs start to dig in. The country’s official Purchasing Managers’ Index reading, which surveys companies’ current activities and near-term plans, recorded the steepest drop in 16 months, signalling a decline in production. Big problemAnecdotal evidence is...

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