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Bloomberg New Economy: China is Winning the Trade War With Trump

Chinese President Xi Jinping

Chinese President Xi Jinping

Photographer: Lintao Zhang/Getty Images AsiaPac

After four years of relentless effort by President Donald Trump to push back against China, his campaign reached new heights (or lows) Friday when he sought to ban new downloads of WeChat, China’s ubiquitous messaging and payments app, and the wildly popular video-sharing app TikTok.

Nevertheless, the final scorecard is already in: On just about every metric that matters, China is ahead. At every turn, Trump seems to have been outplayed and outsmarted throughout the global trade war that began shortly after he took office.