Well, China has “responded” to Trump’s latest efforts to up the ante in the ongoing (and increasingly absurd) trade spat and their response was – terse?
- China to Take Immediate Retaliation if U.S. Releases $100B List
- China Has Very Detailed Retaliatory Measures
There you go. That was apparently it.
The more “detailed” version from Chinese Ministry of Commerce spokesman Gao Feng reads as follows:
[China] will retaliate immediately, intensively, without any hesitation if the U.S. releases a new list of tariffs on $100b [in] additional imports.
Gao also seemed to suggest discussions have broken down. “For a period of time, financial and economic officials from both sides haven’t had any negotiations on any economic or trade issues,” he added.
There you have it, folks. “Immediate, intense” retaliation and in case you aren’t sure what “immediate” means, Beijing reminds you that translates to: “without any hesitation.”
As noted earlier, considering China can’t really retaliate “proportionately”, one wonders what such “detailed measures” would entail.
Maybe time to start betting on some yuan depreciation.