..With these three rounds of additional tariffs and other measures, the effective U.S. rate on Chinese goods is about 65 percent. If he goes ahead with the 50 percent levy, the rate hits 115 percent. China this year added retaliatory tariffs of 10 percent and 15 percent on certain American products... Xi, despite best advice from around the world, has continually rejected consumption as the basis of the Chinese economy. .. Xi Jinping certainly does not believe in empowering citizens. Moreover, as Zongyuan Zoe Liu writing in Foreign Affairs notes, the Communist Party leadership also abhors consumer spending, believing "consumption...