While Trump backs off trade war due to Xmas, China just announced new $75B tariffs on US goods. Who is really winning here?

Update: It sounds to me Trump is the one afraid here.
Update 2: Trump said trade war on hold due to Xmas, but China turned around and said "you are on hold, we are not. We raised tariffs on you, and manipulated our currency. Your move". If Trump doesn't do anything to retaliate, it will demonstrate to China massive weakness.
Update 3: @The Taxpayer - no they won't. Energy and agricultural products are the only 2 things China needs to massively import. China got deals with south American countries on agricultural products, oil remains low and China now steals access to South China Sea massive oil field.
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