Time is running out for Trump, as major powers around the world are now openly confronting him.

Based on the latest developments, it seems the tariff war between China and the U.S. has already produced a clear outcome.

Of course, there are no real winners in a trade war — but it’s fair to say that China has come out slightly ahead.

Meanwhile, Trump’s reckless use of tariffs as a weapon has thoroughly alienated much of the world.

However, China has used this moment to reshape its global “circle of friends.”