India, Dec. 10 -- Like with most overconfident leaders, reality is difficult to swallow, especially when it stares in the face. This is precisely what is happening to Donald Trump, the US President, who thought that his theatrics, tantrums, tariffs, and trade wars would bring the Chinese economy down to its knees. He felt America could once again emerge as the undisputed hegemon in the Asia Pacific region, and the rest of the world, not just militarily but in economic terms. He probably had an inkling, which may partially explain his decision to agree to a temporary truce with the Chinese counterpart, Xi Jinping.

However, the latest China's trade data proves that Red Dragon is winning the trade war against Uncle Sam. In the first 11 mont...