Trump said China was headed for ‘big trouble’—instead, its economy is growing faster than the U.S. and its deficits are moving in the right direction

When President Trump announced his tariff plan 18 months ago, he made it clear who he hoped would pay for the sharp end of the scheme: It wouldn’t be U.S. consumers; it would be foreign exporters who would “eat” the increased costs. Indeed, following the tit-…