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China is thinking long term, Trump only cares that it looks like he is "winning". China is moving forward with its "Belt and Road" initiative, and really doesn't care if Trump imposes tariffs. The tariffs will paid by the American consumer anyway; of course the short-term impact on Chinese growth will ripple through the global economy; this will in turn hasten and exacerbate any future global economic downturn. WINNING! (Today, losing 20 years from now) | |||
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