Harry Broadman, CEO of Proa Global Partners LLC, said on his blog that the United States’ government is becoming giddy about seemingly making inroads into the China-US trade war for three reasons, but it is underestimating the determination and patience of the Chinese.

More over, the US war machine is exacting a far greater toll in the US than on China.

It’s well known that tariffs hurt US consumers not only because the imported goods they buy are more expensive, but also the domestic market is becoming less competitive, domestic firms producing the same products as what is otherwise imported would have a shield that allows them to charge US consumers a higher price, Broadman said.

At the same time, he said tariffs hurt firms located in the US using Chinese imports as inputs in their production process. They have to increase input costs before they’re compelled to raise prices on their finalized products to maintain profitability. The result can be lost sales otherwise made domestically. If US firms export their products to third countries, there will likely be a reduction in US export revenues, which will lead to a US trade deficit. That is the opposite of the US government's ultimate goal of the trade war.