Article [here](https://www.channelnewsasia.com/east-asia/trump-tariffs-china-us-trade-war-global-stock-markets-5046421).
Basically China just gave the Trump administration the middle finger and are not going to negotiate jack shit. They will simply let Trump deal with the inflation and economic damage that American farmers and manufacturers will suffer with the 34% tariffs that China is imposing on them. China is betting that this escalating trade war is going to be more politically painful for Trump than for Xi. If the EU takes the same approach this could become a long trade war of attrition.
