No one wants a “trade war” with China, or for that matter with any nation. Nonetheless, China has been waging one for years and is now locked in a tariff recalibration with the Trump administration.

In this American effort to find trade parity and equity, China can do some short-term damage to the U.S., especially in terms of ceasing exports of some pharmaceuticals, phones, and computers. But ultimately, it cannot win—and will eventually lose catastrophically. It will likely accept that reality sooner rather than later.

We are only in the first week of the escalating rhetoric and tariffs. But already China is appealing to its Asian rivals, Australia, and the EU to join in fighting the supposed American bully.

But so far, there are understandably few takers.

An exasperated China is now also running vintage Korean War-era propaganda videos of Mao Zedong bragging about how he was standing up to then-President Dwight Eisenhower.