A global trade war is starting, and China is at the center of it. A reckoning for Beijing’s economic model, which is designed to promote Chinese industry at the expense of the rest of the world, has long been coming. China’s trading partners have had enough. The result will be a wave of protectionism, with potentially dire consequences for both China and the global economy.

China’s leaders have no one to blame but themselves. They joined a global trading system and then gamed that system. iden targeted EVs for a reason. Beijing’s leaders wanted to dominate that industry and threw the weight of the state behind Chinese companies. The program was undeniably successful. China is at the forefront of the EV industry, while the United States, with the exception of Tesla, has barely gotten out of the parking lot.

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