China is preparing to hit back at trade offensives from Washington with tariffs aimed at President Donald Trump’s support base, including levies targeting U.S. agricultural exports from Farm Belt states, according to people familiar with the matter.
The plans are part of a strategy that has taken shape in recent weeks as Beijing seeks to avert tariffs by warning of possible repercussions and offering incentives to the U.S., including better access to China’s markets, especially in the financial sector.
China’s President Xi Jinping has taken this carrot-and-stick approach in an effort to avoid a trade war, these people said.
https://www.wsj.com/articles/facing-u-s-tariffs-china-plans-countermeasures-1521632332
