China thinks it will win this trade game of chicken. Here’s why

News Snapshot:

Washington | President Donald Trump is set to increase the minimum tariff on Chinese goods to 104 per cent in a few hours (AEST), but Beijing is betting it can stare him down with a simple strategy: retaliate, then sit back and wait. While about 70 countries targeted in Trump’s “liberation day” tariff blitz last week are angling for a deal, the administration says, Beijing has done the opposite: Instead of rushing into high-level talks, it has promised to continue retaliating by any means available while trying to cushion its economy. Loading... Washington Post