The United States has called on China to curb the development of its state-owned enterprises (SOEs), a demand that China sees as an “invasion” on its economic sovereignty, Chinese state news agency Xinhua said on Saturday.

President Trump never intended to resolve the trade war he created with China. Instead, he will leverage his tariffs to blackmail China into following his way.

Why was the Chinese government unwilling to accept Trump’s last minute demands during trade talks? Look to history: 2019 marks the centenary of the anti-imperialist May 4th movement. China can hardly be accepted to surrender to a 21st-century “unequal treaty”—if the US government understood this aspect of Chinese culture better, negotiations would proceed more smoothly.

The cost of home renovations could rise by thousands of dollars thanks to the increase in U.S. tariffs on Chinese goods. WSJ’s Jason Bellini takes a look at how consumers will be affected.

The trade war has not gone as U.S. policymakers expected—China has not given up easily. This overconfidence came from an inflated view of America’s market boom, which is merely a short-term “sugar high” produced by Republican tax cuts. A more serious misjudgment was underestimating China’s economic strength and national resolve.

While the trade war clearly hurts China more than the US, in both absolute and relative terms, data and historical experience show that these losses are manageable for the Chinese economy.

President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.”

While the current China-US trade war is undoubtedly hurting both economies, the conflict may prove beneficial Chinese society in the long sweep of history—the conflict may provide a catalyst to push forward a new model of Chinese reform and opening based on high standards.

Although the latest round of China-US trade talks has ended without agreement, the door to dialogue remains opens. Overall, the level of economic interdependence between the two sides’ makes imposing tariffs a self-defeating tactic — the Sino-US relationship is “too big to fail.”

"If we agree with Washington's claims on trade this time, it will use other excuses to curb China's development."