EnergyWatch

China holding on to its strongest weapon in potential trade war

It took China less than 12 hours to retaliate against the announced US import tariffs on upwards of 1,300 Chinese products Wednesday. But China has yet to involve the by far biggest US export to China.

Photo: /ritzau/AP/Mark Schiefelbein

China swiftly reacted to potential import tariffs in the US on upwards of 1,300 Chinese products, announced Wednesday. But China has yet to involve the by far biggest US export to China – the US government debt.

As direct retaliation to the Trump Administration's plan for 25 percent tariffs on imports of Chinese goods worth around USD 50 billion, China hit back with corresponding tariffs on a list of crucial US exports to China, focusing particularly on soy beans, airplanes, cars, beef and chemicals.

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