If America is in the midst of a trade war, the question we have to ask is: Are we tired of winning yet?

President “Donald Trump reaps $50bn tariff haul as world ‘chickens out,’” reads the Financial Times headline.

“Only China and Canada have retaliated against US president’s tariff war,” its subhead adds.

“In the Trump-dominated global economy, the US gets plenty but gives nothing in return,” reads a rueful post on X from Axios — another publication with an upmarket readership — promoting an article titled, “Trump trade deals prove access to the US still matters above all else.”

Populist publications have a different take on Trump’s spate of trade victories.

“Trump’s trade deal bloc — let’s call it The Free World — now encompasses 57% of global GDP . . . 40% of total global trade in goods,” and “18% of the world’s population,” according to Breitbart’s John Carney.

The president has only been in office six months, and his tariffs haven’t even been in place that long, but already the results are undeniable.

At a time when there otherwise seems to be no end to federal deficits, Trump’s trade policy put the federal government in the black for the month of June, with a $27........

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