China has responded, including a threat to impose a tariff on soybeans...
Rex... China will win this trade war. They know that Trump is incompetent and easily manipulated. They know that his coddled snowflake base can't handle any sort of economic pain. In fact, his base has demonstrated that they only care about what benefits them... they don't care at all about national pride or the future of this country (as demonstrated by the fact the elected a corrupt and incompetent president). Take away the perceived economic benefits that they think they will get from Trump and they have nothing left.
On the other hand, the Chinese have a DEEP sense of national pride, so are very willing to make economic sacrifices in the name of national pride. Also, China's standard of living has been increasing dramatically over the past 20 years. So, they didn't grow up as soft and weak as the Republican base, and are more able to handle a step back if it occurred. The Republican party is the party of bloviating bullies, and everyone knows that bullies just suffer from low self esteem, so if you have the fortitude to stand up to them, then they will eventually back down.
Now... liberals have been telling you this from the beginning, but you refused to listen. So, yes... when Republicans have to tuck their tails between their legs and beg the Chinese to let up, I will laugh in their face. Not because I enjoy seeing the US brought low, but because we did everything we could to PREVENT you from bringing the US low and you refused because you "liked pissing off liberals".
And, then the cycle we have come to expect will swing back the other way. When Republicans are in charge they make impulsive, emotional, and irrational decisions and screw up the economy (this is where we currently are). Once people start to realize how incompetent Republicans are they will elect Democrats, and the Democrats will be the adults and clean up after the petulant and emotional children (Republicans). And then I am sure once Democrats put things back in place, Republicans will again run on emotions and FUD and once the sheep are comfortable again they will as expected vote based upon fear, misogyny and racism and elect Republicans again... starting the cycle over again.