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Yet that does not mean that China would be powerless to retaliate once it would have missed goods in the United States to penalize. He possesses a range of other weapons to inflict suffering on the American economy.
Indeed, the Chinese Ministry of Commerce warned against the "global measures" that it could take against the United States: harassing automakers, retailers or others depends on China to generate revenue selling the US government's debt or disrupting diplomatic efforts in North Korea.
Some of these measures could harm China's own interests. But Beijing could still be willing to deploy them, at least temporarily, if its trade war with Washington was to last.
On Friday, Washington imposed its first tariffs in response to complaints from Beijing or pressure on companies to sell the technology. China quickly announces retaliatory rights on a similar number of US products
Look at some of China's options:
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TARGET AMERICAN COMPANIES
The economy dominated by the US State and heavily regulated gives the authorities an arsenal of tools to disrupt US businesses by refusing licenses or launching tax, anti-monopoly or other investigations.
Also subject to reprisals are services such as engineering and logistics, in which the United States exudes a trade surplus. is about goods, while China could very well look at the services, as well as the operation of US companies in China, "said Taimur Baig, chief economist of DBS Group.months to find out if Chinese regulators will accept the $ 44 billion acquisition of NXP Semiconductors
The state-controlled media have encouraged consumers to boycott Japanese, South Korean and other products in previous disputes with these governments [19659014] Last year, Beijing destroyed the activities of Korean retailer Lotte in China after the company sold land in South Korea to the Seoul government for an anti-missile system opposed by Chinese leaders.
Beijing closed most of Lotte's 99 supermarkets and other outlets in China, and Seoul and Beijing later mended the relationship, but Lotte abandoned and sold its operations in China.
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FINANCIAL LEVERAGE
Nationalists view the $ 1.2 trillion US public debt as a lever. Beijing could suffer losses if it sells enough to influence the costs of US debt financing – but these sales may become necessary
The Chinese yuan has depreciated against the dollar this year, which could force the central bank to intervene in the currency markets. To get the money it needs, the People's Bank of China could "become a net seller of US Treasuries," said Carl B. Weinberg of High Frequency Economics in a report
"Punishing the Treasury Market American is one of China's pressure against unilateral US tariffs is an important factor, "said Mr. Weinberg
Beijing may seek support from US allies who are harassed by the approach American Trump. the climate pact of Paris
Trump's unilateral actions have allowed China to position itself as a defender of free trade despite its status as the most closed major economy. "China could find common ground with the EU, Canada, Japan and other economies affected by US tariffs," Citigroup economists said. -Gang Liu, Xiaowen Jin and Xiangrong Yu in a report
Chinese leaders have tried, so far unsuccessfully, to recruit European and other governments as allies
More broadly, Chinese commentators have suggested that Beijing could also disrupt diplomatic relations. work on North Korea's nuclear and missile programs or other initiatives. But political analysts say it could roll back work that Chinese leaders see as a priority.
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