Yes, but there is no way that Xi can allow himself to lose face by backing down in the face of this new tariff. Unless we want war (because economic war can quickly turn in kinetic war) we have to negotiate something sane. I would listen to Ackman.
Free Traitors™ like Rand Paul better start singing a different tune if that happens or the little guy could get lynched.
China can not afford an economic war with Trump. they will lose bigly.
That is not to judge whether it might be better now to precipitate a clean break off of trade with China while we have the momentum domestically to do what inevitably must be done.
“Yes, but there is no way that Xi can allow himself to lose face”
Great point. Losing face is huge in china.
Dropping tarrifs between our countries is a way out.