China's tit-for-tat responses have so far failed to thwart Mr. Trump's trade offensive, and with the White House amping up the fight again, Chinese leaders aren't sure how to respond, people briefed on economic policymaking discussions say.
Chinese officials "Are generally confused," said Raúl Hinojosa-Ojeda, a trade specialist at the University of California, Los Angeles, who has been traveling around China speaking with officials, businesspeople and workers.
Lou Jiwei, who retired as finance minister in 2016 but is still the head of the country's social security fund, suggested on Sunday that China could deliberately disrupt American companies' supply chains by halting the export of crucial components mostly made in China.
In a statement on Tuesday, China's Ministry of Commerce said that it was "Deeply disappointed" and that "China will have to adopt countermeasures." It did not specify what those might be.
In Beijing, proponents of the new approach, which would scale down China's tariffs in dollar terms to reflect the lopsided trade imbalance between the two countries, say Chinese leaders could still revisit the idea because it offers them a way to contain the damage and soothe tensions.
The United States has already levied tariffs on $50 billion in Chinese goods, one-tenth of what it imports from China.
"The United States wants to hurt China by imposing tariffs on Chinese exports," Mr. Yu, the Chinese Academy of Social Sciences economist, wrote in a journal in July.
https://www.nytimes.com/2018/09/18/business/china-trade-war-retaliate.html?action=click&module=Top%20Stories&pgtype=Homepage
Chinese officials "Are generally confused," said Raúl Hinojosa-Ojeda, a trade specialist at the University of California, Los Angeles, who has been traveling around China speaking with officials, businesspeople and workers.
Lou Jiwei, who retired as finance minister in 2016 but is still the head of the country's social security fund, suggested on Sunday that China could deliberately disrupt American companies' supply chains by halting the export of crucial components mostly made in China.
In a statement on Tuesday, China's Ministry of Commerce said that it was "Deeply disappointed" and that "China will have to adopt countermeasures." It did not specify what those might be.
In Beijing, proponents of the new approach, which would scale down China's tariffs in dollar terms to reflect the lopsided trade imbalance between the two countries, say Chinese leaders could still revisit the idea because it offers them a way to contain the damage and soothe tensions.
The United States has already levied tariffs on $50 billion in Chinese goods, one-tenth of what it imports from China.
"The United States wants to hurt China by imposing tariffs on Chinese exports," Mr. Yu, the Chinese Academy of Social Sciences economist, wrote in a journal in July.
https://www.nytimes.com/2018/09/18/business/china-trade-war-retaliate.html?action=click&module=Top%20Stories&pgtype=Homepage
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