The view that the Chinese leadership was desperate to negotiate a trade deal, to avoid economic pain that could destabilize Chinese society and threaten the Chinese Communist Party’s monopoly on power, is common among China hawks in the United States. This analysis is partly accurate, but it has led many to draw false conclusions.

Trump’s tariffs may hurt, but this time China holds more cards − and could turn the pressure into a strategic advantage.

Trump's tariffs are spiraling the U.S. toward an economic crisis as shipments slow down—and China doesn't plan to back down