China preparing list of retaliatory tariffs on US imports - Global Times

The Global Times, run by the ruling Communist Party’s official People’s Daily, reported on Wednesday that China is soon expected to announce a list of retaliatory tariffs on United States exports to China to counter an expected announcement from the US of proposed new tariffs on Chinese imports, as cited by Reuters.

Further Details via Reuters:

“Compared to China’s list, the U.S. list hurts itself more than China. The tougher the move, the stronger the impact on Washington.

This will deal a heavy blow to Washington that aggressively wields the stick of trade war and will make the U.S. pay a price for its radical trade policy toward China.

The United States was naive to think it could make China agree to unreasonable demands as China’s economy is strong and stable, while it has “weathered bluster before from previous U.S. administrations.”