After the U.S.-China summit planned for Thursday, President Donald Trump may crow about his deal-making skill. Aides may suggest that he deserves a Nobel Prize for negotiation — but I invite you to roll your eyes.

The most important bilateral relationship in the world today is between the United States and China, and Trump has bungled it. He started a trade war that Washington has been losing, and if a truce is formalized this week, it will likely be one with China holding power over America and leaving our influence diminished.

When Trump rashly announced his “Liberation Day” tariffs in April, he badly miscalculated. He seemed to think that China was vulnerable because it exported far more to the United States than it purchased. He apparently didn’t appreciate that much of what China pu

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