• The ongoing trade war has escalated significantly, with China and the U.S. locked in a retaliatory cycle of tariffs that is beginning to harm their economies and the global market at large, potentially leading to a 'hard decoupling' of the two economies.
• China's leadership has shown resilience and a readiness to counter the U.S. tariffs by forging new alliances and preparing strategies for domestic economic support, which could strengthen its position against the U.S. in the long run.
• Trump’s aggressive tariffs could backfire by increasing consumer prices in the U.S. while failing to deter China's long-term economic ambitions, illustrating the need for a more diplomatic approach rather than punitive measures.

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