“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement,

Very concisely put. We’re at that point. Trade is effectively shut down at this point between the two. My limited understanding is that on the US side this will hit farmers the hardest.

Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.