The White House says it has the upper hand in its trade war with China. Its actions suggest otherwise. Top administration officials spent the weekend trying to defend a carve-out of consumer electronics from the astronomical 145 percent tariffs it levied on China last week. The carve-out was neither an exemption nor a policy rollback, the White House argued, because those electronics are still subject to a separate 20 percent tariff on China and some electronic components could face sector-specific tariffs in the future. But to some White House allies, the exceptions are indicative of the relatively weak position the administration is in as it wages a trade war with China, which has spent years making preparations for an escalation with the U.S. on trade.
"China has stopped exporting rare earths to everyone, not just the U.S., cutting off critical materials for tech, autos, aerospace, and defense"
fortune.com
Poke the dragon and find out.
"Boeing shares fall on report that China has halted its deliveries as part of trade war"
www.cnn.com
As they say, it's only just begun.
"Chinese funny people; when say go,' mean go.'"
Charlie Chan
Docks of New Orleans
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