The AFR is reporting that China is stumped by trade war or, more to the point, Trumped:
“We did get a sense of deep concern about the trade tension with the United States and that we could be in a period of prolonged and protracted trade tensions, and there isn’t all that much that the PRC [People’s Republic of China] can immediately do,” China Matters founder and chief executive Linda Jakobson told The Australian Financial Review.
“They feel many of the demands that have been put on them require long-term structural changes. Candidly, our interlocutors pointed out there isn’t much they can retaliate with.”
