Trade wars are not easy to win, and they are darned near impossible to win for rich countries that export commodities. We lost the last one and will lose the next one. And by “we,” I mean all of us, though the cost will be more heavily born by U.S. farmers and manufacturers who import parts to assemble here.

Trump said on Monday that he will impose an additional 10 percent tariff on Chinese goods entering the U.S. when he returns to the White House, warning that "massive amounts of dr