China Just 'Folded' in the Trade War

China Just 'Folded' in the Trade War

Xi Jinping's regime simply cannot admit it is not able to stand up to Washington. [O]n April 24 about a dozen Chinese officials, including a "high-ranking official from the Chinese Ministry of Finance," were seen entering the U.S. Treasury's main

The United States needs a strong industrial policy, aided by temporary subsidies and possibly tariffs, to reindustrialize and technologically compete with China, but attempts to condense decades of development into a few years will not work. China has developed significant autonomy over its supply chains, finance, and technologies, making it largely immune to economic coercion. While China can diversify away from the United States, the United St…