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 will either ignore it or double down with an export tax on items in that class.

China waits paitiently for the big BOOM of US treasury bond in June.