“The wicked flee when no one pursues, but the righteous are bold as a lion.” Proverbs 28:1 (ESV)
China’s President struck a conciliatory tone when he promised to cut China’s import tariffs and ease restrictions on foreign ownership in its auto industry as President Trump has zeroed in on America’s trade imbalance with China.
It currently imposes a 25% tariff on imported cars plus an additional 10% “super-luxury” tariff on vehicles priced over $200,000.
Don’t look know but seems like President Xi has blinked in the face of President Trump’s tariff stance.
China will dance… if they have the right partner.
