Wednesday, July 11, 2018

REPORT China Looking to ‘Hit Back Against Trump Tariffs In Other Ways’

It is getting ugly as economic ignorant policy intensifies as part of Trump's trade war.

After the White House’s latest threat of tariffs on billions of dollars of Chinese goods, officials in Beijing are looking to “hit back in other ways,”  reports The Wall Street Journal.

The possibilities include delaying approvals of mergers and acquisitions involving U.S. companies, holding up licenses for U.S. firms and “delaying and ramping up” inspections of American products at borders, officials told WSJ.

Earlier today, China’s Commerce Ministry said it was “shocked” and in a statement called the U.S. actions “completely unacceptable.” But China did not immediately or publicly say how it would retaliate other than complaining to the World Trade Organization. The Foreign Ministry called the threats “typical bullying” and said Beijing would hit back with a counterattack.


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