Today News – Chinas potential weapons against US tariffs could backfire on its growth — heres why06:18

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Published on September 6, 2018

Today News – Chinas potential weapons against US tariffs could backfire on its growth — heres why

Chinese 100-yuan notes at a bank in Nantong in Chinas eastern Jiangsu province. China is running out of options when it comes to hitting back at President Donald Trumps tariffs. Due to Chinas massive trade surplus over the U.S., China cant keep up with the magnitude of Trumps levies — Beijing doesnt buy enough American products on which to impose the equivalent volume of tariffs in the first place. In 2013, China sold $506 billion worth of goods to the U.S., while importing just $130 billion in …

Source: http://c.newsnow.co.uk/A/2/953184944?-42097:28482:3

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