Despite their denials, China is losing the tariffs war and retreating as fast as it can

As President Trump brings manufacturing back to the US — and closes in on trade deals with India, Japan, and South Korea — China’s days as “the world’s factory floor” are numbered.  And Beijing is furious. In a move harking back to the Cultural Revolution, Chinese schoolchildren are again being taught to hate the US.Class time is devoted to shouting anti-American slogans like “China must win the China-US trade war!”China’s foreign ministry even released a video claiming that China “won’t kneel down” to the US, warning that bowing to US hegemony would be like drinking poison.

At the BRICS meeting in Rio this week, Foreign Minister Wang Yi talked tough as well: “Silence or retreat will only embolden bullies.”But it turns out that — in secret — Beijing has been quietly retreating as fast as it can.Trump divulged in a Time magazine interview on April 25 that China’s Xi Jinping contacted him directly about tariffs, and later affirmed that he has since spoken with the Chinese dictator “many times.” The Korean press has confirmed that “the United States and China have begun behind-the-scenes contact in relation to the ‘tariff war,’ ” and a high-ranking Chinese delegation was photographed entering the US Treasury Department in the early morning hours of April 24.  The hush-hush negotiations over trade have already begun to bear fruit, with China unilaterally reducing its punitive tariffs on 131 American goods.Not surprisingly, the regime continues to lie to the Chinese people and to the world about all this.  Guo Kiakun, an official with the Chinese Foreign Ministry, has repeatedly claimed that no tariff negotiations have taken place.  Any suggestion otherwise is “groundless” and “fake news,” said Guo, who urged the US to stop “misleading the public.”Understand that the “public” that Guo is worried about “misleading” does not live in America, but in China.You see, China’s state media has portrayed ...