How China could hit back against eye-watering US tariffs

As the US-China trade war intensifies, Beijing is pulling out all the “tools” in its tool box to “cushion the blow”. And Chinese President Xi Jinping himself is reportedly busy preparing for a tour of several South-East Asian countries to solidify its trade relations. Experts say the astonishing 125 per cent tariffs announced by Donald Trump on all goods imported from China comes at a precarious time for Beijing. But they also say Beijing has options of its own to inflict pain in the trade war. After years of momentous growth, China’s economy has stalled since the country emerged from…