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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