China is running out of steam in putting tariffs in US imports, but certainly not running out of options to fight the ongoing trade war, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know, to the South China Morning Post.
The South China Morning Post:
Arthur Kroeber, research head and co-founder of the financial services company Gavekal, said Chinese leaders’ previous tactics – including “a few buying missions” to Washington, a red-carpet welcome for Trump in Beijing and an attempt to cut a deal with Treasury Secretary Steven Mnuchin – had all failed.
“China will respond with its own tariffs, start squeezing US companies where it can, and dig in for a war of attrition,” Kroeber said.
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