China announced that it would impose a new tariff of 84% on American goods. The United States had also imposed a new tariff of 104% on Chinese goods yesterday, and Trump had signed an order to implement it. Other countries have demanded negotiations and adjustments in reciprocal tariffs by Trump, but apparently China is more bully than these words and wants to continue the trade war with the United States.

After the trade war escalated through 2019, the two sides reached a tense Phase One deal in January 2020. By the end of Trump's first term, the trade war was widely seen as a defeat for the United States, and Trump cannot afford to let it go...