Chinese President Xi Jinping announced he would aim to significantly lower auto import tariffs.

He said this in a speech Tuesday. Without mentioning Trump's threat of tariffs, Jinping promised to open Chinese markets and improve trade conditions abroad soon as possible.

Associated Press.

There was some antagonistic back and forth that preceded this.

Trump recently announced he intended to impose tariffs on about $50 billion in Chinese imports, citing the massive trade deficit with China.

China responded by imposing a 25% tariff on 106 American products.

Trump shot back, saying he would be open to think about considering to ponder cogitating about musing and imagining the visualization of figuring  through meditation envisaging another $100 billion additional tariffs on Chinese goods.

The stock market flittered.

Then Trump steeled wobbly stock market investors.

We may take a hit and, you know what, ultimately we’re going to be much stronger for it. But it’s something we had to do. Now it’s $500 billion in deficits and a theft of $300 billion in intellectual property. So you can’t have this.

Then Xi Jinping was all, "Whoa. We're not used to American presidents talking like this. It's going to take some getting used to."

I like Trump starting with $50 B, creating disruption, then when challenged upping his game by doubling it.