Explainer: What can Beijing do if China-U.S. trade row worsens?
China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war. Trump said Monday his threat was retaliation for China’s decision to raise tariffs on $50 billion of U.S. goods over the weekend, a move that itself was in response to additional U.S. tariffs on Chinese products announced Friday. The sheer size of Trump’s latest threat makes it impossible for an in-kind response from China since the value of the goods involved exceeds by $70 billion the total value of U.S. imports to China last year, U.S. data shows.
Source:: https://finance.yahoo.com/news/explainer-beijing-china-u-trade-row-worsens-104656325–business.html
