“The two states, connected by a single economic system and financial mechanisms, are now in a situation of balancing and on the verge of slipping into a big recession. The question is who will roll first. In this situation, the concession is a loss. The first pebble that will fly down as part of an avalanche will be bombarded by everyone else. And nobody wants to be this pebble. Now there is balancing in the international situation, a game of bluffing, nerves and opportunities, ”he said.
According to Solonnikov, the Chinese leadership will fight to the end and there is practically no chance of their retreat.
“The United States will behave the same. In this regard, Donald Trump completely unprofitable unleashing a major recession a year before his election campaign. But China is in the exact opposite situation and they have a crisis in the United States, ”the expert said.
China has decided to introduce additional duties of 10% and 5% on imports of American goods in the amount of $ 75 billion per year.
The new duties will take effect at midnight Beijing time on September 1 and December 15.