Could the tariffs Trump's threatened to slap on Chinese imports backfire and help Beijing? Some experts say they will.
Hong Kong — President-elect Donald Trump has threatened to slap up a tariff of up to 60% on all goods imported to the U.S. from China . While that may sound like a potent economic threat to a country where economic growth is already faltering, could it actually be just what China needs? 'I do expect U.S.
'In terms of retaliation choices for China, it's very limited,' said Chen. 'China imports a lot of agricultural products like soybeans, corn. They may try to import more such agricultural products from Brazil, and also from Russia as one of their ways to retaliate against the U.S. But at the end of the day, China imports so much chips from Nvidia, Intel, especially Qualcomm,' Wang said. 'Those products are what China needs. So, China cannot produce internally.
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