Biggest Loser of U.S./China Trade War Is the U.S.

It has been said before, but it is worth saying again: Nobody wins a trade war, except countries that steer clear of them. Several countries are winning the trade war that the United States launched against China. The problem? None of them are named the United States or China.

May we have the envelope, please? The winners thus far are (drum roll) Vietnam, Taiwan, Bangladesh, and South Korea, according to data released Wednesday by the U.S Census Bureau. As China's exports to the United States appear to slump, others boom. Jobs may be leaving China, but they aren't returning to the Midwest; they are moving elsewhere in the Far East.