

The tariffs could be cancelled out right and prices would still rise due to market insecurity or a similar buzzword. Tariffs are objectively bad in almost every situation and this was always going to hurt everyone, corpos are also objectively bad and always going to hurt everyone.
I’m no expert, but; its retaliation. Harm for harm. Hell maybe even a pride thing. They do hurt China to some extent (in a vague capitalistic sense), it’s just worse for America.
Edit: their tariffs might not hurt them as much as ours hurt us, either. They do, what, A third of the planets manufacturing or something? They’ll be far less invested in imports than America is.