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Peter Morici: Does Trump’s trade war court American humiliation?

For decades, China has betrayed America’s trust — offered when it was admitted into the World Trade Organization in 2001 — by waging a trade war against American industries and workers.

The stakes in the current imbroglio are much greater than skirmishes with Japan over autos during the Reagan and Clinton years. China is undertaking a broad assault on Western technology industries to achieve commercial dominance and sell its brand of autocratic state-capitalism to developing countries and neuter Western leadership on democracy and human rights.

Finally, we have a president who recognizes negotiations must either be based on goodwill and trust when partners seek amity or hard power and leverage when they do not.

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