'Tariff wars are easy to win'?
Looks like they're not even easy to fight.
'China backs down; Trump reacts'.
BTW unlike some here, I'm not even looking at the pro- or anti-Trump aspect. (Beyond his foolish, naïve and false statement at the outset.)
What the Chinese are doing is negotiating in deliberate bad faith. Not the first time in their or world history. (My favorite version is King Albert the Great vs. the Danes.)
In their opinion they have the upper hand over the US, hence their behavior.
Bottom line: Not good for anyone.



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