China states it can resist and endure US tariffs

China states it can resist and endure US tariffs
Trump is sick of China’s antics and is going to go after them very harshly.
“We have really rebuilt China, and it’s time that we rebuild our own country now”
The faster they understand this, the faster we can find a solution that’s beneficial to both nations in the long run. Over the short, to intermediate timelines, China is going to have to pay for its rogue behaviour and like a spoilt child, it’s baulking at the prospect of being punished.

China tries to talk tough

“In the face of the bullying of the Donald Trump administration, Beijing must remain sober-minded and never let emotion override reason when deciding how to respond,” according to an editorial by the China Daily, the flagship state-run English newspaper. “Given China’s huge market, its systemic advantage of being able to concentrate resources on big projects, its people’s tenacity in enduring hardships and its steadiness in implementing reform and opening-up policies, the country can survive a trade war.”
China has listed roughly 6,000 items for higher import taxes, including liquid natural gas, soybeans, and other products. Excluded from this list are products such as large aeroplanes and specific high-end computer chips,  etc.
“Chinese buyers don’t have any bargaining power on these products. Even if the trade war escalates, China would rather lift the 25 per cent tariffs to 50 per cent, instead of imposing any tariffs on integrated circuits or big aeroplanes,” according to Larry Hu, head of China economics at Macquarie Securities Ltd. in Hong Kong. “What’s the point of imposing tariffs? Chinese companies would have to pay all the additional costs.”

China is prepared for a “protracted war” and doesn’t fear to sacrifice short-term economic interests, according to an editorial in the nationalist Global Times on Sunday evening. The exchange of barbs between the two sides follows the release late Friday in Beijing of a tariff list designed to retaliate against the U.S. threat to impose new duties on $200 billion of Chinese imports. Yahoo

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