Our Columnists Will Trump Back Down as His Trade War with China Bites the U.S. Economy? By John Cassidy -- -- Photograph from Chinatoptix / Getty If there were any lingering doubt that Donald Trump’s trade war with China is exerting a considerable cost on the American economy, it was erased on Tuesday, when a closely watched statistic indicated that -- -- By David Rohde As recently as March, Trump claimed that “trade wars are good, and easy to win.” That statement ignored history and the business environment facing American manufacturing companies. Many U.S. businesses, facing a -- -- assemble finished goods, were forced to try to source from other countries. Meanwhile, the entire manufacturing sector was faced with rising uncertainty about when, or whether, the trade war would be resolved. With Trump issuing dire threats one moment and making nice with Xi Jinping the next, it was hard for anyone to figure out how -- -- In spite of Trump’s bluster, he is looking more and more boxed in. All along, his thinking has been that export-dependent China simply couldn’t withstand a lengthy trade war with its largest trading partner. But the government in Beijing has held firm, despite a sharp slowdown in the Chinese economy. Rather than acceding to Trump’s -- -- to Chad Bown, of the Peterson Institute for International Economics. China would retaliate again, and, entering an election year, Trump would be in an all-out trade war. It can only be guessed how the stock market would react to this prospect. Despite the prospect of more interest-rate cuts from the Federal Reserve, it may be ugly. -- -- * China * Donald Trump * Trade War * Manufacturing * Tariffs -- -- Our Columnists Trump’s Trade War Could Make the Trump Recession a Reality -- The longer the President persists in his trade war with China, the greater the chances are of an outright slump developing in the U.S. economy. -- -- Our Columnists Donald Trump’s Trade War with China Is Spiralling Out of Control The U.S.-China trade dispute is now a currency war as well, and, judging by