China Holds Fire on Immediate Retaliation Against New US Tariffs

Bloomberg
09 Apr

China hasn’t immediately responded to the new US tariffs, a departure from the last two episodes when President Donald Trump hiked duties and Beijing hit back within minutes.

As of 1:00 p.m. Beijing time Wednesday, China hadn’t announced any retaliatory action. That’s in contrast with February and March, when China announced retaliation just minutes after earlier rounds of US tariffs went into effect.

Beijing could still issue its response later. China waited for more than a day before retaliating against last week’s tariff announcement by Trump, with the Chinese statement coming on a public holiday just after 6 p.m. local time on Friday.

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