Could you clarify how the decline in China's exports directly contradicts the idea that China is winning the trade war, and how long-term shifts compare to the immediate economic impacts you mention?

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China's exports dipped during the trade war, but that's a short-term blip. The real test is long-term structural shifts—like supply chain diversification and technological self-reliance. If China is truly winning, it should be building resilience, not relying on export growth to offset trade tensions.