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China's Efforts to Counter U.S. Tariffs Could Boomerang, Analysts Say
Although China can inflict pain on the United States with the economic tools at its disposal if President-elect Donald Trump follows through on his promise to impose 60% tariffs on Chinese imports, using those tools too aggressively risks backfiring on Beijing, The Wall Street Journal reported on Sunday.
The big danger is that punishing Western companies and restricting exports of critical minerals and other essentials will only encourage the West even more in its...
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