The U.S. under the Trump administration is increasingly shifting to a protectionist stance, a move that China and many other countries are quickly responding to with tariffs of their own meant to either cancel the benefits of such a strategy or harm industries vital to President Donald Trump’s coalition.
China has been quick to snap back at tariff threats from the U.S., retaliating on Friday with tariffs of its own on $34 billion worth of products — the same value of Chinese goods taxed by the U.S. The country’s vague warning Tuesday that it will consider “comprehensive measures” also suggests it may go beyond tariffs, Jake Parker, vice president for China operations of the U.S.-China Business Council, told the AP. He said that measures could potentially include delaying or denying licenses required by U.S. companies.
