"Tariff war".... If Xi really wanted to fight Trump on tariffs, Xi could stop all ships coming here from Chyna for a couple weeks. The stores would be empty real quick.
Just a thought. I welcome discussion whether my thinking is wrong.
Edit: I am wrong! Stopping shipping is not feasible. However I still think Xi is working with Trump
I believe Xi is onboard. But they actually did have a big cargo stop. I think it was for a couple of weeks while the 100%+ tariffs were on. But economically, China is in deep trouble. They have been papering over a financial collapse for years. And the situation is getting worse all the time. So much of their growth was fake and tied to the huge US trade deficit, that the squeeze is on. Plus, a very large chunk of money is tied up in their corporate bonds which are totally worthless.