China's stock market is currently back to where it was almost two decades ago. Between that, their debt, and their housing bust, they're really not in a position to have a trade war.

Trump: "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th"

zerohedge

China's stock market is currently back to where it was almost two decades ago. Between that, their debt, and their housing bust, they're really not in a position to have a trade war.
https://x.com/zerohedge/status/1909263708510974178

My question though is if that pushes them to last resort territory

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