The Chinese government may be preparing a hawkish response to any new U.S. tariffs that may eventually result from the “section 301” review of Chinese intellectual property policies. While duties are a long way off – President Trump has only ordered a “review of a review” so far – statements from the Communist Party’s main newspaper already identify major U.S. export areas for a trade war the U.S. “cannot win and cannot afford”. Panjiva data shows a high concentration of U.S. exports, with the top lines accounting for 35% of the total. That could allow China to make a few, high impact ac...
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