China thinks it will win this trade game of chicken. Here’s why
Market turmoil and cracks in support for Donald Trump’s tariffs have further cemented the view that Beijing need only wait a little longer for backlash to build.
Washington | President Donald Trump increased the minimum tariff on Chinese goods to 104 per cent on Wednesday, but Beijing is still betting it can stare him down with a simple strategy: retaliate, then sit back and wait.
While about 70 countries targeted in Trump’s “liberation day” tariff blitz last week are angling for a deal, the administration says, Beijing has done the opposite. Instead of rushing into high-level talks, it has promised to continue retaliating by any means available while trying to cushion its economy.
