15.6 C
New York
Tuesday, May 24, 2022

How China Can Fight Back Against Trump Trade Tariffs

How China Can Fight Back Against Trump Trade Tariffs

Investing.com – China has said it will use “quantitative and qualitative” measures to hit back at U.S. President Donald Trump’s threats to impose tariffs on as much as $250 billion worth of Chinese imports.
China only imports $190 billion of goods and services from the U.S. so Beijing will not be able to find a reciprocal $250 billion worth of U.S. imports to impose tariffs.
But Beijing has other ways to fight back.
So far it is hard to gauge what the countermeasures might entail analysts say, but they could include restrictions on U.S. visas or investments into China.
U.S. companies operating in China might feel the brunt of any retaliatory measures, such as ad hoc regulatory probes of U.S. companies by Chinese authorities.
In recent months, Chinese imports of some U.S. food, cars and pet food were subject to lengthy customs delays for more stringent inspections.
There is also the possibility of also weakening the to offset some tariffs.
Beijing could also make its countermeasures permanent rather than temporary, and if the situation deteriorated U.S. firms could be excluded from China’s financial markets.
China’s Foreign Ministry has said the country does not want a trade war, but it’s not afraid to engage in one.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,301FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles