America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts that a trade war is “easy to win.” They can just reflect on the levers of pain China pulled against South Korean-owned businesses last year to imagine a state-nudged boycott against Starbucks or shutdown of Nike’s factories.
China vows to retaliate against all US tariffs and announced $60 billion worth of American goods it plans to slap tariffs on if Trump’s administration follows through with a proposal to impose duties on another $200 billion in Chinese imports. Since that’s more than the value of all US