China Holds Fire on Immediate Retaliation Against New US Tariffs

Bloomberg04-09

China hasn’t immediately responded to the new US tariffs, a departure from the last two episodes when President Donald Trump hiked duties and Beijing hit back within minutes.

As of 1:00 p.m. Beijing time Wednesday, China hadn’t announced any retaliatory action. That’s in contrast with February and March, when China announced retaliation just minutes after earlier rounds of US tariffs went into effect.

Beijing could still issue its response later. China waited for more than a day before retaliating against last week’s tariff announcement by Trump, with the Chinese statement coming on a public holiday just after 6 p.m. local time on Friday.

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Comments

  • TigerVision888
    04-09
    TigerVision888
    There are no winners a trade war. Some uneducated and shallow surface people would think China admit losing. That is one less critical thinking mind. Ask yourself, did the U.S. really win? There you go. 
  • Toby_Chua
    04-09
    Toby_Chua
    No counter tariff means admit loosing and less bargaining power which China cannot afford at this trade war juncture 
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