In a surprise move, Donald Trump has largely abandoned his tranche of tariffs, 'pausing' them for 90 days. But there's an exception: China. While the rest of the world gets stripped back to the 10% rate, China will have to put up with an incredible 125%.In conversation with LBC's Iain Dale, Michael Sheridan predicts that Xi Jinping’s reaction would be anything but erratic. “I can confidently predict that he won’t be posting anything on social media..."
While the move by Trump – a 125% tariff hike – is unprecedented, China has been here before. Sheridan said: “China will not panic. They will keep calm and carry on because they believe they can hold out and come out on top in the long run.”
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