China Prepares for Retaliation as Trump Considers New Tariffs

1 min read
Source: Bloomberg
China Prepares for Retaliation as Trump Considers New Tariffs
Photo: Bloomberg
TL;DR Summary

China is prepared to retaliate if President-elect Donald Trump imposes a 60% tariff on Chinese imports, according to Zhu Min, a former deputy governor of the People's Bank of China. Zhu indicated that China would likely take the issue to the World Trade Organization and has various options for response.

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