Yep, China powerhouse nation where US receives majority of its goods and owes a substantial amount of debt is now tit for tat in a tariff war that if continues will drag the rest of the global economy back in.
Instead, both nations may continue to engage in strategic maneuvering while seeking opportunities for negotiation without conceding fundamental positions.
No. China has been preparing for this since they were building massive earthworks across the Yangtze with miles of 78 lb adults passing handheld buckets down the line.