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11:52, 09-Apr-2018
One more question on Sino-US trade tensions: What is China's next countermeasure?
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“There are a couple of measures that China can do in response,” said Dr. John Gong, a professor at the University of International Business and Economics spoke with CGTN, about what countermeasures will China take in response to Trump's tariffs.
Gong said that the Ministry of Commerce is already comparing the list of retaliations to potential tariffs on another 100 billion US dollars of Chinese exports to the US.
In Gong’s opinion, we can look for other means as counter measures, for example, the foreign exchange rate and US treasury bills, which can be potentially used to leverage our bargaining position.
In addition to these, Gong said the cooperate America-China operation is 300 billion to 500 billion US dollars's business. However, he pointed out that if it comes to the end of the day we have to hit that, it will be very sad. So, hopefully, we don’t need to go to that stage.