By Steven W. Mosher | New York Post, Commentary
The opening round of the tariff war with China is over. And earlier this week, President Trump achieved a very clear win.
The president had Chinese leader Xi Jinping on the ropes. Trump’s 145% tariffs on Chinese goods landed a crushing blow to Beijing’s economy, already staggering under the weight of rising unemployment, unsustainable debt, and rising bankruptcies.
But instead of giving China a knockout punch, Trump decided to hit the pause button. And it’s worth asking why.