China Prepared For Trade War With US

China is prepared for a trade war with the United States, but the U.S should consider the costs of starting one, an expert on U.S.-China relations said Thursday.Robert Ross, a professor of political science at Boston College, told CNBC: “The Chinese have made it clear: ‘You want a trade war? We’re prepared.’ And they are. Because of course they have a very large market and a very robust economy.”In fact, nationalistic state media outlet Global Times said in a Wednesday op-ed that China should be ready for a “looming trade war.””Beijing needs to give Washington head-on blows in a similar manner and must not be soft,” the op-ed said.

Source: US tariffs on China: Costs to Americans – CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam