The Trillion-Dollar Shock: How Xi Jinping Beat Trump in the Trade War?
The U.S.–China trade war was supposed to change the global economic order.Former U.S. President Donald Trump believed heavy tariffs on Chinese goods would weaken Beijing, bring factories back to America, and create millions of U.S. jobs. What happened instead shocked the world. China recorded a historic trade surplus of over $1 trillion, strengthened its global…