Trade war: China indicates it won't retaliate now on new US tariffs

China has hit back against each previous tariff increase by the US, so not responding in kind this time may signal a change in strategy

xi jinping
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China's President Xi Jinping

Bloomberg Beijing
China indicated it wouldn’t immediately retaliate against the latest US tariff increase announced by US President Donald Trump last week, emphasising the need to discuss ways to deescalate the trade war between the world’s two largest economies.
 
“China has ample means for retaliation, but thinks the question that should be discussed now is about removing the new tariffs to prevent escalation of the trade war,” Ministry of Commerce spokesman Gao Feng said on Thursday. “China is lodging solemn representations with the US on the matter.”
 
When asked if that meant China wouldn’t retaliate at all for the latest escalation by

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First Published: Aug 30 2019 | 2:30 AM IST

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