Has China 'Blinked' In Its Trade War Against The U.S.?

CNBC: China's Xi announces plans to 'open' China, including lowering tariffs on imported autos

* President Xi Jinping announces plans to open up China's economy, including lowering tariffs for autos and enforcing the legal intellectual property of foreign firms.
* Xi outlines his plans at the Boao Forum for Asia on the same day the World Trade Organization said China filed a complaint challenging President Donald Trump's tariffs on imported steel and aluminum.

Chinese President Xi Jinping announced plans on Tuesday to open up the Chinese economy, including lowering tariffs for autos and other products and enforcing the legal intellectual property of foreign firms.

Xi's comments come amid escalating trade tensions between China and the U.S. as the world's two largest economies take turns announcing punitive trade measures against each other.

The World Trade Organization said Tuesday that China filed a complaint challenging President Donald Trump's tariffs on imported steel and aluminum. It said China has requested 60 days of consultations with the United States on the steel and aluminum dispute. If that fails, Beijing could request a ruling from a panel of trade experts, The Associated Press reported.

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Update #1: China's Xi renews pledges to open economy, cut tariffs this year (Reuters)
Update #2: Analyst View: China's Xi promises to open economy, lower tariffs (Reuters)

WNU Editor: This is the same President Xi who promised President Trump at Mar-a-Lago last year that within 100 days the Chinese would present a plan to resolve this trade dispute .... China Offers "Concessions" To Avoid A Trade War With The U.S. (April 9, 2017). As I had predicted then .... they did nothing. I can say the same thing today. I have seen this dog and pony show from the Chinese since the 1980s .... promise one thing in trade, make commitments and do the show for the media .... but two months later quietly reinstate the same trade restrictions and obstacles that they promised two months before that they would get rid of. The problem for the Chinese is that they still believe that this approach .... that has worked so well for them for the past 30 years .... can still work today. I think they are making a mistake, and they have underestimated the great deal of animosity that has been built up over the years on this issue. We are on the verge of a trade war .... and the Chinese are still in in denial that this is going to happen.