Tariff Stare Down
 

Looks like China and the EU are the only ones not to blink :)

Stay tuned

And now the EU is warning China not to overflood their markets with China's products and ruin the EU's economy.

EU Capitulated
 

The EU has offered to go the no tariffs route on all industrial goods. It’s just China.

I suspect this was the plan all along.

Islands inhabited with penguins only were 1st in line.

Correction...EU blinked at the last possible moment.
I am not sure if Canada blinked. I can't find conformation.

It took China many years to negotiate a trade deal with the EU and it ended up being pointless. The EU (and UK) economy is already ruined in a sort of retarded suicide pact kinda way.

The penguins import fish, timberland boots and buffalo wings from the USA so they were the first to go "no tariff" ...because they are smarter than Canadians.

I think Trump wants a 10% import tariff and then negotiate a zero/zero tariff with certain countries with "most favored nation" status. That would make sense.

Very naive to think that China would back down

They have the rest of the World to trade with so they certainly don't need to kow-tow to the USA

Losing face is a big no-no to Asians generally

I doubt that.
 

They cannot afford to lose access to the largest economy in the world. They sell us way more than we sell them. In addition, many more companies are moving operations out of China. This will be one giant financial problem for China undoubtedly. This is the art of the deal in action in real time. My money, Itterly, is on Trump and the USA.

Looks like a joke of a deal after tariffs were once again flip flopped yesterday, on Twitter!!!!

Not naive at all. This was a move on the global chessboard thought out well in advance. And yes...the "saving face" aspect plays into the anticipated response.

China's economy simply does not work without the markets in the USA. Period. They have effectively been placed into a box, all alone. We'll see how they respond.

Hope we don't back China into a corner. We could not handle 3 fronts militarily: Taiwan, Ukraine, and the Middle East.