Xi's real test is not Trump's trade war

The real battleground of the current trade war might be China's domestic economy

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If you say the name Donald Trump in the halls of wholesale markets and trade fairs in China, you'll hear a faint chuckle.

The US president and his 145% tariffs have not instilled fear in many Chinese traders.

Instead, they have inspired an army of online Chinese nationalists to create mocking memes in a series of viral videos and reels – some of which include an AI-generated President Trump, Vice-President JD Vance and tech mogul Elon Musk toiling on footwear and iPhone assembly lines.