Commercial war: “China will punish the United States”

Chian US
File Reuters

UNITED STATES (VOP TODAY NEWS) — In the wake of rising US tariffs on Chinese products and as the escalation has escalated between the two rival powers, a former Chinese trade official warned the United States against their policy and the threatened with reprisals.

China has many options for retaliation against the United States and is likely to implement sanctions that go beyond tariffs on merchandise trade, said a former top Chinese government official.

Wei Jianguo, China’s former vice minister of commerce, said China still has many tools and has already prepared an emergency plan to deal with the escalating trade war.

“China will behave not only as a master of kung fu in response to US plans, but also as an experienced boxer and will deliver a death blow in the end,” Wei told the South China Morning Post, adding that the second The world’s largest economy is poised for prolonged trade war with the United States.

According to the Chinese official, US agricultural products would be a natural target for retaliation, especially wheat and corn: “China has not only the determination and capabilities, but also the will to wage a protracted war. Policymakers are able to fully anticipate the modus operandi of the United States in trade negotiations, “said Wei.

China may also impose sanctions on US aircraft and vehicles, he added, which will make it more difficult for Chinese products to enter the Chinese market.

Analysts also warned that a national security review process for foreign investment in China could allow Beijing to freeze US investment in an even larger dimension than before, which would be another form of retaliation.

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