• Wall Street Journal claims China has won the latest round of the tariff war.
• Trump is reportedly listening to economic realities as scrutiny of his policies increases.
• China denied ongoing negotiations with the U.S., stating tariffs must be revoked first.
• The Journal criticizes Trump's handling of tariffs and its market impacts.
• Trump reacted negatively to the Journal's editorial, targeting Rupert Murdoch directly.

The Wall Street Journal has declared China the winner of the latest round in the ongoing tariff conflict with the U.S. and President Trump. In a recent editorial, it stated, “the good news is that at least Mr. Trump is finally listening to reality,” especially as the impact of tariffs on consumer prices becomes more evident, according to HuffPost, The Hill, and India Times.

The editorial pointed out that as a consequence of Trump's tariffs, CEOs from major retail companies like Walmart and Home Depot warned that prices would rise and store shelves could become empty. The Journal noted, "This would be more than the 'little disturbance' Mr. Trump warned about when he first unveiled his tariff barrage," highlighting the increasing concerns over economic ramifications, according to HuffPost and The Hill.

In a significant escalation, the editorial noted that Chinese President Xi Jinping has retaliated against U.S. actions more actively this time, cutting off access to vital resources and pushing U.S. companies towards regulatory scrutiny. Trump's previous approach of detente has not yielded similar results this time, marking a shift in the trade dynamic, according to HuffPost, The Hill, and India Times.

In response to the editorial, Trump expressed his displeasure and focused criticism on Rupert Murdoch, accusing him of undermining his presidency through the editorial stance of the Wall Street Journal, stating simply, “It s**ks,” reflecting his frustration with the media's coverage of his policies, according to HuffPost, The Hill, and India Times.