Does the U.S. Have a Lot of Leverage with China? Mr. Arithmetic is Skeptical

With Donald Trump's trade war with China heating up I thought I should bring in Mr. Arithmetic to clarify the situation. Trump apparently thinks that he holds all the cards in this one because the U.S. imports much more than it exports to China.

As I pointed out previously, China has other weapons. For example, it can just stop respecting U.S. patents and copyrights altogether, sending items all over the world that don't include any royalty payments or licensing fees. This could reduce the pr...