As Trump calls U.S.-China trade ‘stupid,’ China will consider all options in a trade war

Yestrday, Chinese government expert told that China is prepared to fight  should a trade war emerge from an escalating exchange  of tariff threats that impact  the trade with billions of dollars.

"China is ready to fight back with all options on the table," said Ruan Zongze, a former diplomat and senior fellow at the Chinese Institution of International Studies. 

"It has said it will fight with comprehensive countermeasures: trade, services, investment, finance and many others," Ruan added. 

Ruan spoke after President Trump tweeted Monday that U.S.-China trade is "stupid trade."

"When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%," Trump tweeted. "When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!"

Trump on Sunday predicted the U.S. would prevail in negotiations with China over trade issues, resulting in "a great future for both countries."

Credit: https://www.usatoday.com 

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