What the current US government want to achieve is not clear neither. You can't expect China to say nothing and just abide to whatever.
There's no long term view, China has quite a few things they can use to pressure the US and it will be stupid for them not to use those.
It's a self-harming game and the first one to bend will lose it. The longer US tarifs stays, the more some US companies that depends on those imports will be in trouble. China has plenty of cards to go the same route, controlling a huge part of the western companies production system. It feels to me that this is just a first card, and there's some more damaging ones to both China and the US to come.
And to be honest, with the current US behaviour, between this and Iran, the only thing it achieve is that most of the world will want to be as independant as possible of the dollar in the future
There's no long term view, China has quite a few things they can use to pressure the US and it will be stupid for them not to use those.
It's a self-harming game and the first one to bend will lose it. The longer US tarifs stays, the more some US companies that depends on those imports will be in trouble. China has plenty of cards to go the same route, controlling a huge part of the western companies production system. It feels to me that this is just a first card, and there's some more damaging ones to both China and the US to come.
And to be honest, with the current US behaviour, between this and Iran, the only thing it achieve is that most of the world will want to be as independant as possible of the dollar in the future