Trump's China trade war at the "beginning of the beginning"
Jonathan Swan of Axios had a very important story Sunday about the state of US-China trade relations and the possibility of a meeting between Donald Trump and Xi Jinping at the G20 at the end of November. Swan, who may have the best sources in the Trump White House of any DC journalist, reports that:
President Trump has no intention of easing his tariffs on China, according to three sources with knowledge of his private conversations. Instead, these sources say he wants the Chinese leaders to feel more pain from his tariffs — which he believes need more time to fully kick in.
"He wants them to suffer more" from tariffs on $200 billion of Chinese goods, said a source with direct knowledge of Trump's thinking, and the president believes the longer his tariffs last, the more leverage he'll have...
Trump's trade war with China is at the "beginning of the beginning," according to a source familiar with Trump's conversations. And his team doesn't expect much from the tentatively planned meetin…