Jan Jekielek: Ten years ago, when Xi came to power, he was riding high. Today, the situation is very different for Communist China. Since COVID, people have been “de-risking” from China.

Now, the president has been using tariffs against China, and they are an incredibly powerful tool because China’s only functional economic pillar right now is exports. So, the moment those hefty tariffs went into effect and President Trump showed Xi that he was ready to use them, China had to flood the European market with goods. It even had to sell them below market prices because exports are its lone economic engine.
@JanJekielek