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'A massive miscalculation': Why China could withstand the trade war far longer than Trump thinks

Baltimore Sun
'A massive miscalculation': Why China could withstand the trade war far longer than Trump thinks

President Donald Trump insisted Thursday that he was "under no pressure to make a deal with China," signaling a readiness to escalate his trade war with Beijing. "They are under pressure to make a deal with us," Trump tweeted in reference to China. "Our markets are surging, theirs are collapsing." The president's statement sought to downplay any hope that the United States would extend a hand toward reconciling the trade conflict, amid word that Treasury Secretary Steven Mnuchin had invited Chinese officials to return to talks. Trump's view that the Chinese are suffering while the U.S. thrives helps explain his confidence that Beijing ultimately will buckle. But the president's expectation that