So far, Trump has only imposed small-scale tariffs and is ready to increase them significantly if a deal is not reached. This was stated by Michael Pillsburt to SCMP.
An interesting excerpt from Pillsburt's statement: "We were very close, but suddenly, for a reason that was unclear to us, China canceled." The mystery is, in fact, that Beijing has new "players" who have just learned about the 150-page draft deal. It is now the new faces in Beijing that are beginning to count and oppose the current status quo.
In this case, the US is sending a clear message to China.
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