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In 2018 then President Donald Trump tweeted how “trade wars are good, and easy to win.” That was the start of his imposing tariffs on about $360 billion of imports from China.
Nearly 3 years later and it turns out Donald Trump was wrong on both counts. Trade wars are not good and we lost.
In 2020 to make matters worse, Donald Trump ignored the coronavirus as it infected nearly 1 in every 10 Americans, killed half a million Americans, and initiated the steepest economic downturn since the Great Depression.
Consequently, Donald Trump struck out with the largest slate of tariffs and sanctions that he could muster against China’s technology companies. His charade as a big tough leader failed miserably.