Chinese manufacturers say they will speed up efforts to move production to other countries to circumvent US tariffs, after President Donald Trump announced a new trade offensive against the world’s second-largest economy.
Beijing is considering how to retaliate against Trump’s decision on Saturday to impose an additional 10 per cent tariff on Chinese exporters, with options ranging from counter-tariffs to export controls and currency depreciation.
The relatively muted initial response from…
Read the full article here
