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How China could hurt U.S. once it runs out of imports to tax

4 1 0
12.07.2018

In his trade war with China, President Donald Trump wields one seeming advantage: The United States could ultimately slap tariffs on more than $500 billion in imported Chinese goods. Beijing has much less to tax: It imported just $130 billion in U.S. goods last year.

Yet that hardly means China would be powerless to fight back once it ran out of U.S. goods to penalize. It possesses a range of other weapons with which to inflict pain on the U.S. economy.

Indeed, China's Commerce Ministry has warned of "comprehensive measures" it could take against the United States. It has given no details but possible tactics could include harassing automakers, retailers or other American companies that depend on China to drive revenue to selling U.S. government debt or disrupting diplomatic efforts over North Korea.

Some of those steps might harm China's own interests. But Beijing might still be willing to deploy them, at least temporarily, if its trade war with Washington were to drag on.

Last Friday, Washington imposed its first tariffs in response to complaints........

© Japan Today