"With the restrained response, China hopes Trump can realise his errors and mend his ways," said Xu Hongcai, deputy chief economist at the China Centre for International Economic Exchanges, a Beijing think tank.
"If we really want to counter, the strongest response would be to target soybean and automobiles. This would hurt the U.S.," said Xu. "China is 'drawing its bow but not firing. We still have some cards to play."
dostoevskydr Post time: 2018-3-23 12:16
"With the restrained response, China hopes Trump can realise his errors and mend his ways," said Xu ...
China has assembled a list of 128 U.S. products in total that could be targeted if the two countries are unable to reach an agreement on trade issues, the ministry said.
The commerce ministry said China would implement the measures in two stages: first the 15 percent tariff on 120 products including steel pipes and wine worth $977 million, and later, the higher 25 percent tariff on $1.99 billion of pork and aluminium.
U.S. wine exports to China last year were $79 million, according to data from the U.S. Wine Institute, which represents Californian wine makers.
The Chinese list also included close to 80 fruit and nut products. U.S. exports of fruits, frozen juices and nuts to China amounted to $669 million last year, and it was the top supplier of apples, cherries, walnuts and almonds.
Honestly Trump needs to think twice before he jumps into the trade battlefield with his Chinese counterpart Xi.
The tenure's of Trump leaves just more than 2 years only, and if he can't boost up the US economy, but deteriorates it, how can Americans possibly vote for him again? On the constrast, Xi likely continues his presidency after his 5-year tenure.
The trade war doesn't benefit the interests of the both nations as well as the rest of the world, but cooperations via negotiations.
China had been cornered by the Western world from 1949 to 1979, and was sanctioned in 1989, but China never ever bucklled under any circumstances. Even the countries like Iran, N. Korea, Cuba wouldn't give in, how could it be possible for China to succumb to the US?
It would be too late for Trump to regret and decide to quit the war, because the lion's share of Chinese market would have been taken by other hungry Western nations by then.
Everybody knows trade war is a double-edged sword, and I hope Trump is wise enough not to hurt himself who chanlenges China at first.