China stepped up its rhetoric against US threat of tariffs through an English editorial in the official China Daily. There it warned that “faced with this heightened intimidation from the US, China has no choice but to fight back with targeted and direct measures aimed at persuading the US to back off, since it appears that any concessions it makes will not appease the Trump administration, which wants to suck the lifeblood from the Chinese economy.”
And, “Beijing will have to ensure that Washington is aware that there will be heavy price to pay every action it strikes against China if it is to avoid being a victim of the Trump administration’s growing blood lust.” “Those US companies and workers that feel the brunt of China’s retaliation should pass the word to Washington, that despite the pronounced aim of the Trump administration being to protect domestic industries and workers, the injuries that will be done them will be because of its actions.”
On other hand, White House trade adviser Peter Navarro warned China “may have underestimated the strong resolve of President Donald J. Trump.” And, “if they thought that they could buy us off cheap with a few extra products sold and allow them to continue to steal our intellectual property and crown jewels, that was a miscalculation.”
