They sell us about 600 billion a year in goods we can sell cheaper than american made,, we send them about 300 billion How badly are we losing?YOU are the know nothing. China has never even entered a trade war with the US, They know that could never win that. China cannot win a trade war with the United States. The US is not dependent on China. They have a large market, but it is cash poor, unable to buy goods.China retaliates with tariffs on $75 billion of US goods - CNN
For keeping the pressure on our know nothing President. Of course he will retaliate with counter tariffs which will cost the American people big time. Our President is so dumb and poorly educated, he actually thinks China pays the tariffs he imposes, not the American people.
Stay the course China. He will eventually back down; he always does, and then we will all be winners.
In contrast, China is very dependent on the US, who has the largest/most valuable market in the world. China needs us. We do not need China.
The only reason we see what seems to look like China is waging a trade war by enacting their own tariffs is all Chinese leaders posturing to their own people.
China is already succumbing to Trump's closure of the US market to China, of which previous US presidents foolishly gave them unrestricted access.
It will take time to undue 30 years of China flooding US stores with their cheap crap, but it can and is being done, FINALLY.
I disagree with you on your first point, China has been in a trade war with the US for forty years and we have been losing all this time. President Trump is the first to fight back in this war.