They're very pissed off and know that Trump is fucked if he keeps the tariffs in place.
The Chinese people, on the other hand, are happy to deal with the pain, it's all very reminiscent to them of the opium wars, which kicked off what the Chinese call the "century of humiliation".
It's as relevant to Chinese history today as the Famine is to Ireland. The narrative the Chinese communist party pushes hard is before that period, China was one of the richest countries in the world. Due to their failure to adapt to the new world and fight properly, china ended that century in poverty.
They seem Trump's tariffs and US export bans of things like GPUs as an attempt to hold back China's development and return back to the top tier of nations.
China will have few problems saying "fuck you, you're trying to hold us back, we're strong enough to resist now and you need us more than we need you."
It's where their Rare Earths export bans become most apparent, China has strategically been building levers it can use against the world and at the same time building resilience through initiatives such as Belt and Road.
