Rizzo: Are trade wars really that easy to win?

Bilateral tariffs between the United States and China are escalating. A trade war seems imminent. Indeed, one could reasonably argue that we are already in the midst of one. Is the United States winning or losing this growing trade confrontation?
President Trump has opined that trade wars are easy to win. And he appears to believe that winning trade wars means lowering the trade deficit. But if so, by this measure the United States is losing.
Since the implementation of the tariffs, the nation’s trade deficit fell sharply in July to $50.1 billion. Exports...