Trump May Be Winning The Trade Battle With China. But China May End Up Winning The War

China's economy has taken a beating in recent weeks as the trade war bites. And it may get worse. "So far, the trade war has had a much bigger impact on Chinese growth than US growth," Bank of America Merrill Lynch says. But Beijing has been throwing all available stimulus options at its economy, and it's just getting started. US corporates are feeling the pinch. And longer-term, the US is losing its economic dominance. Donald Trump may be winning the trade battle with China.