As China considers ways to retaliate against President Trump’s mounting tariffs, it has increasingly acknowledged that it must first address its main obstacle to punching back: its own slumping economy.
Chinese officials have vowed to respond with measures of their own if Mr. Trump follows through on his threat to put 10 percent tariffs on $300 billion in Chinese imports a year. If Mr. Trump enacts the tariffs next month, as he said he would do on Thursday, the costs would rise for nearly everything China ships to the United States, from shoes to car parts to the latest gadgets.
On Friday, China’s Ministry of Commerce, which is heavily involved in the country’s trade policy, said it would “take necessary counter measures to resolutely defend the core interests of the country and the fundamental interests of the people.”
(Excerpt) Read more at nytimes.com ...
And Trump is wrestling with Xi Jinping with one arm tied behind his back, just to make it fair. < /sarcasm >
Trump would NEVER go into a negotiation with “one arm tied behind his back”, as he goes in to WIN, not just letting the other guy “gain parity” in interests of “helping”.
The Chinese have never played “fair” in this game.
Chinese officials have vowed to respond with measures of their own if Mr. Trump follows through on his threat to put 10 percent tariffs on $300 billion in Chinese imports a year. If Mr. Trump enacts the tariffs next month, as he said he would do on Thursday, the costs would rise for nearly everything China ships to the United States, from shoes to car parts to the latest gadgets.
On Friday, China’s Ministry of Commerce, which is heavily involved in the country’s trade policy, said it would “take necessary counter measures to resolutely defend the core interests of the country and the fundamental interests of the people.”
(Excerpt) Read more at nytimes.com ...
And Trump is wrestling with Xi Jinping with one arm tied behind his back, just to make it fair. < /sarcasm >
Trump would NEVER go into a negotiation with “one arm tied behind his back”, as he goes in to WIN, not just letting the other guy “gain parity” in interests of “helping”.
The Chinese have never played “fair” in this game.
