China is reportedly reviewing plans to hit back at aggressive US trade measures “in other ways,” a report says, citing Chinese officials.
Chinese officials familiar with the plan told The Wall Street Journal on Wednesday that Beijing was looking into alternative options as it imported only 130 billion dollars’ worth of goods from the US last year — not enough to match Washington’s tariffs on Chinese goods dollar for dollar.
Those alternatives include delaying the approvals of mergers and acquisitions involving US companies, holding up licenses for US firms, and “delaying and ramping up” inspections of American products at borders, the officials said.
A day earlier, the administration of US President Donald Trump had announced 10-percent tariffs on an extra $200 billion worth of Chinese imports.
In a statement, US Trade Representative Robert Lighthizer released a wide-ranging list of Chinese goods to be hit with the new set of…