Here’s What China May Target In Retaliation To Donald Trump’s Tariffs
HuffPost
Beijing is studying both tariff and non-tariff moves to counter the U.S. president's higher tariffs, per Chinese state media.
BANGKOK (AP) — Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate.
Trump earlier imposed a tariff of 10% on imports from China and that will rise to 20% beginning Tuesday. He also ended the “de minimis” loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years.
The Global Times, a newspaper of China’s ruling Communist Party, said Monday that Beijing was studying both tariffs and non-tariff moves to counter Trump’s higher tariffs.
Asked about that report, Foreign Ministry spokesman Lin Jian said that “China will take all necessary measures to firmly safeguard own legitimate rights and interests.”
“U.S. agricultural and food products will most likely be listed,” it said, citing an unnamed source. Last week, Chinese Commerce Ministry officials had said the two sides were in a “dialogue” about trade.
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