If America is in a trade war, the question to ask is, are we tired of winning yet?

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

“Only China and Canada have retaliated against U.S. president’s tariff war,” the Financial Times’ subhead adds.

“In the Trump-dominated global economy, the U.S. 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 U.S. still matters above all else.”

Populist publications have a different take:

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

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

At a time when there otherwise seems no........

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