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Trump tariffs: Asian shares jump after US pauses higher levies but hikes China rate

Professor Graham Allison, after meeting with Chinese leaders, reports that Beijing is prepared for a prolonged trade war with the US. He says President Xi Jinping anticipates a protracted economic conflict and has implemented resilience strategies across various sectors to withstand and retaliate against American actions. Allison notes China's belief in its inevitable rise and America's decline, acknowledging the current situation as detrimental to both nations but asserting China's superior capacity to endure economic hardship.

Prepared by Christopher Adams and reviewed by editorial team.

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