A trade war would be bad, but Trump does have a point

China has been flouting intellectual property rules and it has more to loseHere come the trade wars – possibly. The Trump administration’s imposition of tariffs on $60bn (£42.5bn) of imports from China could be a huge moment for the global economy. Past presidents toyed with the idea of branding China a “currency manipulator” but have always stepped away from action. Trump hasn’t gone down that route, with its ill-defined policy implications, but has instead g