Look at it from China's point of view: A 100% tariff means that the US government would get as much money as the Chinese exporter - and the US government would use much of that money to build weapons to threaten China. Besides, the US market is now relatively small and declining. Both China and Russia can prosper by importing and exporting to the Global South. The idea that the US is the indispensable nation has long ceased to be true.
