Donald Trump’s apparent climb-down from his 245 percent tariffs on Chinese imports has critics gleefully proclaiming his humiliation at the hands of China’s Xi Jinping. Not so fast, writes Henry Gao in Tablet. China, Gao argues, needs the U.S. far more than vice-versa, and the Communist regime’s relentless propaganda merely masks worsening structural economic weaknesses that would make a protracted trade war all-but unendurable.

Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

