U.S. Tariffs Make Xi Jinping’s Day

President Trump’s across-the-board tariffs will change the world order in many ways, and one winner is already emerging: Xi Jinping. The Chinese President has had an excellent week.

This is only partly a story about the retaliatory measures Beijing announced Friday following Wednesday’s “Liberation Day” performance at the White House. China will impose a blanket 34% tariff on imports from the U.S. starting next week, matching Mr. Trump’s latest addition to his tariffs on China.