China trade experts are urging caution on Xi Jinping as he plots the best response to Joe Biden’s tariffs on $18bn of Chinese imports, knowing that a tit-for-tat battle could hurt the slowing economy and escalate tensions during a politically charged US election campaign.
The US president on Tuesday sharply raised tariffs on Chinese products including electric vehicles and solar cells in a pre-election effort to protect American jobs.
China’s dominance of cleantech supply chains means that Beijing has the potential to retaliate in kind, curbing access to resources, materials and technologies critical to the US economy.
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