Flash in the pan.

#TRUMP promotes its biggest retreat in the Trade War with the world and reduces tariffs against China from 145% to just 30% until May 14. Meanwhile, the Chinese retreat will be to 10%, instead of the current 125%. The agreement, actually just a truce, lasts for 90 days, as usual.

In practice, if any not-so-shrewd businessman thought about moving his production out of China or building a factory on American soil, HE LOST A LOT OF MONEY and 90 days will only further delay investment decisions.

But it’s good news, and a layperson might think that the 3x difference in favor of the U.S. is a victory for Trump (and he will announce it as such). However, let’s remember that it was Trump who started the war and claimed that the high values would be permanent and would only change AFTER agreements beneficial to the U.S. This is: China balancing trade with Americans.

That hasn’t happened yet, and Trump finds himself pressured by the very businessmen and the public, with a decrease in trade, lack of products, and absurd increases in manufactured goods.

Meanwhile, China was using tariffs and targeted, surgical boycotts to force some retreat from Trump, betting precisely on internal pressure and a gradual erosion of popularity, inherent to Democracy and not occurring in China.