IIRC, the bail out was much more, all paid from tariffs on Chinese products. We'll see if the Chinese back down, I expect they will. They certainly can't afford to stop selling to the US - not for long, anyway. If they stick with 104%, China will eat most of that, like they did last time. They are at a disadvantage. Everyone knows it, especially China.
As I mentioned previously, negotiations will encompass more than just tariffs. Much to discuss.