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The assumption was that China, which would feel more pain from the trade war, would blink first and make concessions to strike a deal.
That was a serious miscalculation of the Chinese mentality, says Paul Blustein, author of the new book Schism: China, America and the Fracturing of the Global Trading System.
“Surrendering and kowtowing to foreigners is just unthinkable," Mr. Blustein says.
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