Chinese leaders are reportedly confident they can come out on top of the tariff standoff with the Trump administration, arguing they can wait for Washington D.C. to blink first.
Beijing has been targeted the most, with President Donald Trump saying on Monday that China should remove the 34% tariffs imposed as a response to his earlier levies or he would increase the figure by a further 50%. Should he make good on the threat, large portions of Chinese imports to the U.S. would end up facing a 104% tariff.
