Here is an important point from Jonathan Fenby, a long-term China expert at TS Lombard: "At heart, Trump knows that the audience wants him to play a presidential role. And so he delivered the tariff pause. This also serves to underscore China’s view that Trump’s electoral headaches allow them to play for time until the next president arrives. China may be miscalculating: what Trump let loose is not going away; it will just be handled differently by the next administration, regardless of party."
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