Submitted by QTR's Fringe Finance

Maybe President Trump's tariffs will cause a prolonged trade war and a Great Depression in the United States the likes of which we've never seen before, sending the nation into a spiral of chaos and hell on earth.

But walking around outside today, three days after the tariffs were announced and barely a day after many of the minimum tariffs went into effect, life seems oddly normal.

I'm in In New York City this morning, so I took a walk around Central Park. Despite the cool, rainy weather, the park was littered with tourists taking photos, New Yorkers playing with their dogs, couples holding hands, and joggers getting in their workout for the day. Yesterday, as I went on my own run up Park Ave. at lunchtime, I watched junior bankers pour out of J.P. Morgan's office by Grand Central Station, joking with each other, smiling and happily ordering their lunches.

If we're in the midst of armageddon, it sure doesn't seem like it.

So imagine my surprise today when I read that the Wall Street Journal editorial board had declared China's Xi Jinping as the person emerging as the "winner" from President Trump's tariffs.