In the year since President Donald Trump returned to the White House, China hawks have started to panic. Leading lights on U.S. policy toward Beijing now warn that Trump is “barreling toward a bad bargain” with the Chinese Communist Party. Matthew Pottinger, a key architect of Trump’s China policy in his first term, argues that the president has put Beijing in a “sweet spot” through his “baffling” policy decisions.Even some congressional Republi…