Pointed it out in the other thread, but this is a capitulation. China imposed retaliatory tariffs that remain in effect! There are a handful of businesses that do indeed export to China, and the net effect here is that they've all been thrown under the bus. China gets to kill/pick/control them at will now.
How will China react to this, I wonder.
As a result of that, they got into some really successful negotiations with a lot of countries in Asia, Africa, Europe and America. I think they want to keep the subject on the news for as long as possible.
And then I imagine they'll probably silently drop the tariffs, because those are harmful for them.
The horrifying thing is that they don't have to. They hold all the cards now. They can drop their new trade barriers at will. Maybe they'll ask for concessions. Maybe they'll leave them in place to kill off troublesome competitors. Maybe they'll coerce the affected companies into selling to Chinese-owned interests at a steep discount. Maybe they'll just take a bunch of bribes.
This is how a trade war looks. And we're losing. Badly.
> They hold all the cards now
What do you mean "now?" With the amount of trade imbalance they had the ability to simply block exports at any time. It perhaps only works once but it's a very powerful lever.
They will either ignore it or double down with an export tax on items in that class.