Comment on China Has Limited Firepower to Counter U.S. Tariffs

China Has Limited Firepower to Counter U.S. Tariffs

“In the weeks since the election, China has flaunted the ways in which it could hit back at the U.S. in the event of a new trade war with the U.S., including everything from choking off the metals needed for everyday products to punishing American companies that do business in China,” the Wall Street Journal reports. “But using such tools too aggressively risks backfiring on Beijing.” “The big danger is that taking shots at Western companies and restricting exports of critical minerals and other essentials will only encourage the U.S.

 

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