(CNN-Money)
Kyle Bass, the founder and chief investment officer of Hayman Capital Management, believes that "there's been a trade war with China since 2001."
"The only side that's been fighting it, though, is China," he added.
While business leaders have warned that President Trump's tariffs could end up hurting US companies, Bass criticized what he described as a historically "pacifist" attitude towards trade with China.
"The US strategy has been unilateral disarmament, while China has basically taken over the trade relationship with the US," Bass told Richard Quest on CNNMoney's "Markets Now" on Wednesday. Read more