Fox Business correspondent Charlie Gasparino on Wednesday warned that President Donald Trump's international trade war strategy would soon face a do-or-die moment.
Writing on X, Gasparino outlined why Trump's plan appears fraught with peril for the American economy.
"The Trump trade strategy faces its ultimate test," he wrote. "Its weakness may soon be exposed as we gird for all out trade war with China while trying to convince the world now to join us."
He then said that the Trump administration had put itself in a "difficult, self-inflicted spot" because they "decided to shoot first at the world, and then focus on China while now asking the same trading partners we p---ed off to help us triangulate a common foe."
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Gasparino then predicted that the administration would have to make some unwanted concessions if it had any hope for this strategy to succeed.
"[Treasury Secretary Scott] Bessent may wiggle out of this by cutting half-ass deals with the EU, Canada and Mexico, but it wont be easy or pretty," he warned. "And it was so avoidable. The damage China has done to free trade is enormous; it's a command control economy, a militaristic super power that obviously uses our public markets and openness to further its gains. You can't say that about Canada and the EU or Israel. I'm just here to report what's going down, but a little common sense shows that we have backed ourselves into a negotiating corner."