There's no need for a trade war; America's already won it. By a lot.
Stocks have shed $5 trillion in value over the past month. And not because investors think tariffs are good for the U.S. economy.
"Other countries are understanding because they have been ripping us for 50 years; they have been ripping us off right from the beginning.”
Stop me if you've heard this before, although I assume you have. The quote from President Donald Trump might be only a few hours old, but it's part of a decades-long view he's held on America's place at the center of the postwar boom in global trade.
