Wei Jianguo said the U.S. will face 'problems of a historic nature' if it does not change course.
China is preparing a devastating retaliation to new American tariffs on Chinese goods, a former commerce official has warned, as the trade war between the two nations escalates.
But according to Wei Jianguo, a former vice minister at China’s Ministry of Commerce, Trump’s latest escalation will be met with a powerful response from Beijing. Wei suggested that American agricultural goods, planes and vehicles could all be key targets for Chinese retaliation. Their impact could be particularly keenly felt in the lead-up to the 2020 election. “If [the U.S.] does not realize its mistake, it will create problems of a historic nature,” he said.
Chinese state media has also dismissed the latest American steps in the costly trade war and warned that the administrations miscalculations would end up costing the country dear. An editorial in the state-backed Global Times newspaper, for example, said America’s maximum pressure policy “is useless.”
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