The weather. Tomorrow, expect a biting cold front. Hmm, how naughty. I wonder what I'll be

wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain

that'll soak you to the skin. By Monday, temperatures will rise slowly but surely reaching

their peak in the afternoon.

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This is John Batchel, conversation with Joseph Sternberg in London for the Wall Street Journal editorial page.

He writes political economics.

What can China do in response to the tariffs that the Trump administration has announced on Chinese goods imports?

The Treasury Secretary, Mr. Besant, says that China can't do very much.

It's got a pair of twos, a poker metaphor.

Joe Sternberg fills it out. What can China do in the short term manipulation of currency, etc.

However, in the long term, well, as a very famous man named Keynes once said, we're all dead.

Not yet. Not yet. Here's Joe Sternberg on China's problem, which is that it can't fix its economy with exports. Here's Joe. More of this

tonight. Well, I think that one of the things that we're discovering about China's response to this

over the past couple days is that they sort of have the luxury of ignoring the tariffs,

at least for a little bit.

I mean, certainly China is squarely in the crosshairs of the Trump administration's trade

policies. And the tariffs are going to hurt China

over the longer term because Beijing's economic model is so heavily dependent on exports to the

U.S. in particular. So from that perspective, I think the Treasury Secretary Besson is right.

...