‘Weapons of mass destruction for trade’: The many ways China can hit back against Trump’s tariffs [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
'Weapons of mass destruction for trade': The many ways China can hit back against Trump's tariffs China has said it will take 'all necessary measures' to defend its interests and expectations are high that President Xi Jinping won't hold back With U.S. President Donald Trump ready to slap tariffs on US$50 billion worth of Chinese goods, the question now is how Beijing will respond. China said Thursday it would take “all necessary measures” to defend its interests, without mentioning anything specific. Expectations are growing that President Xi Jinping won’t hold back. “China’s countermeasures will be extraordinary and unconventional,” said Gao Zhikai, a former Beijing-based diplomat and former vice president of crude oil giant CNOOC Ltd. “The reported US$50 billion of tariffs against China are weapons of mass destruction for trade. They will violate WTO rules and leave no way out for China.” Xi also has domestic reasons to appear tough. He can’t show any weakness after lawmakers in Be
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