U.S. President Donald Trump and Chinese leader Xi Jinping shake hands as they depart following a bilateral meeting at Gimhae Air Base in Busan, South Korea, on Oct. 30, 2025. Andrew Harnik/Getty Images
The Supreme Court’s decision against much of President Donald Trump’s existing tariff agenda has caused quite a stir in American political and media circles. It certainly has angered the president. There is, however, likely little celebration in Beijing.
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
