china is already losing its leverage. chinese ports are already filling up with containers of cancelled orders and suppliers are being hit by demurrage charges(parking tickets) for leaving goods at ports.
china is also cancelling export flights and cencelling new built plane orders.
even cancelling new cargo ship builds. they have loads of cargo ships just parked up already
unless china come to a deal by May 2nd there will be further hits on goods under $800 that will be tariffed(de minimis exemption expires). meaning pretty much all goods
China is not the only one losing here America too is losing out because major American exports too are currently affected in all sectors the fact of the matter is that this trade face-off between America and China is not going to be an easy one for the both side because the effects of this situation is greatly going to have a direct impact on the economic growth of these nations especially in the areas of job because major staffs of companies are going to be laid off when the war gets to a certain point where the both sides will not shift grounds