CBS News (May 13)
2019/ 05/ 15 by jd in Global News
“The U.S. imports far more Chinese goods than China imports from the U.S. So China can’t directly impose retaliatory tariffs equal to Mr. Trump’s…. The U.S. just doesn’t send enough goods to China.” China could, however, let the yuan weaken and this may prove their best response. “If the Chinese currency were to drop in value, it would make the country’s goods less expensive in foreign markets, propping up export demand and volume abroad.”
Tags: China, Currency, Export demand, Imports, Retaliatory, Tariffs, Trump, U.S., Weaken, Yuan