Another day, another shot across the bow from Donald Trump aimed squarely at China. Having already participated (and in the case of one, precipitated) two mini diplomatic snafus with Beijing in just the past two weeks, Trump is sending a clear message to Beijing that US-China trade under his administration will be anything but business as usual, by creating a National Trade Council inside the White House to oversee industrial policy and has decided to appoint a hard core China hawk to run it. According to the FT, which broke the news, Trump has chosen Peter Navarro, a Harvard-trained economist...