(Opinion) China won’t concede under trade war threat
2017-01-19 09:05:41 source:Global Times
January 18, 2017
"Anthony Scaramucci, one of Donald Trump's
closest advisors, told the BBC that if China chose to retaliate when
the Trump administration imposed punitive tariffs on imports, it would
cost China 'way more' than it would cost the US. Scaramucci downplayed
China's ability to respond to a US-initiated trade war. He said the
current trade relationship was 'more favorable to China than us' and
claimed that the US imposing tariffs on imports was a 'move for
fairness.'
During his election campaign, Trump threatened to impose a 45 percent punitive tariff on imports from China. Since he won the election, he has not mentioned it. It seems that he uttered such words hastily, and he is not entitled to do so anyway according to US law. However, on multiple occasions, the Trump team has put pressure on China and requested that China make concessions."
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