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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.