U.S. market is prepared for a trade fight with China, writes Ed Yardeni. :
President Donald Trump is implementing policies aimed at either slowing or halting China’s drive to become a superpower. He wants to reduce America’s huge trade deficit with China by forcing U.S. and other manufacturers to move out of that country. In the process, the U.S. would no longer be financing China’s ascent with our trade deficit and providing technological knowhow that has been either stolen or extorted.