Reported 8 days ago
Zhu Min, a former senior official of China's central bank, stated that China would retaliate if President-elect Donald Trump imposes a 60% tariff on its imports. In an interview, he emphasized that such tariffs would adversely affect the Chinese economy, impacting currency exchange rates and reducing demand for U.S. Treasury securities. Zhu mentioned the importance of both nations negotiating to avoid escalating trade tensions, which could harm their economies.
Source: YAHOO