, 4 tweets, 1 min read Read on Twitter
If anyone is surprised at the 10% tariffs announced today on China, you weren't paying attention. China has been referring to the trade war as their long march. They will not make a deal. They will wait it out. If it causes their economy to go into a depression they don't care.
China in other words is retreating. They will lose their economy instead of suing for peace. They will regroup; try to out wait Trump. If Trump wins re-election, maybe a deal could be made but I doubt it. They will go a different direction seek other economies to trade with.
and in 2 or 6 or 10 years come back to try again to win the global economic war. So expect the tariffs to go to at least 25% because Trump isn't caving either.
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