I mean I can just tell by the action and this brand of insider trading that the goal here isn't to create an 18th-month full blown recession. This is very much a lazy strategy with easy-win vibes. China has done very well at setting up for a long-term battle and it would be quite silly to willingly accept those terms. A quick pivot to short-term strategy and a change of the landscape can undo them and force them to pivot over and over again in response. USA is setting the tempo China is just responding. The only thing USA has to worry about is China somehow gaining tempo in this battle forcing us to respond to their moves. Thus far that doesn't seem to be an issue. China is clearly on the defensive, and it's a very good defense and not worth probing further in the same way we've been doing it.
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