Stephen Moore: Biden thinks climate change is a bigger threat than China. He'll be sorry

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With each passing week, it looks like World War III — between America and China — is coming sooner than we think. It’s not going to be fought with bullets or aircraft carriers, although the Chinese are building up their military in an aggressive and threatening way. 

This will more likely be an all-out economic war for global supremacy. The yuan versus the dollar. The Nasdaq versus the Shanghai Stock Exchange.

Meanwhile, America is asleep at the switch — at least, the Biden administration is. This is the worst possible time to be raising tax rates on American companies (Our business tax rates would be higher than China’s under President Joe Biden’s plan!), dismantling American energy (at a time when China is running 1,000 dirty coal plants with dozens more in construction), and running up the national debt (with China a major purchaser of the bonds). 

Love Donald Trump or hate him, he was a president who put America first and recognized the predatory nature of the Chinese regime. He got tough with President Xi Jinping and overturned one-sided trade deals. His strategy was to do what former President Ronald Reagan did to win the

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