"Can China be seen to be passively accepting these measures from the United States?"Announced by Beijing in December, the measure was suspended at the beginning of the year but can be easily reactivated.
The sector, crucial for the US economy, also represents an important electoral base for Mr Donald Trump.Mr Trump regularly accuses the Chinese central bank of lowering its currency rate to support exporting firms, but is it an option? Mr Rajiv Biswas, Asia Pacific chief economist for IHS Markit, says no."It is not a realistic strategy for China to try to mitigate a 25 per cent tariff by allowing further declines in the yuan," he said.
"A key priority for the Chinese government since 2015 has been to stabilise the exchange rate and prevent large capital outflows, in order to protect its foreign exchange reserves."The Chinese could be encouraged not to buy American flagship products, such as the iPhone. Amid frosty relations with Japan in 2012 or South Korea in 2017, boycott campaigns led to a 50 per cent collapse in sales for both countries' car brands in one month.China is the largest holder of US debt , but selling a big part of it would be risky because any destabilisation of the markets could undermine the value of Treasury bonds held by Beijing.
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