Beijing Is Girding for a Longer Fight, Says Peking University's Balding

The transcript discusses the confusion among economists regarding the potential impact of tariffs imposed by President Trump, ranging from 34 billion to 505 billion. It highlights the credibility of Trump's threats and the possibility of further escalation in tariffs by both the US and China. The discussion also covers China's internal economic adjustments, such as easing restrictions and increasing consumer credit, as it prepares for a prolonged trade conflict with the US.

What are the potential tariff amounts that President Trump might implement according to the text?

How might the Chinese government respond to the tariffs imposed by the U.S.?

What signs indicate that China might be easing some of their restrictions?

What factors are contributing to the increase in consumer credit in China?

In what ways is the current economic situation expected to affect retail sales in China?