China hits back at Trump tariffs with calibrated measures, leaves room for negotiation

News Snapshot:

Unlike the US, whose tax hikes of 10 per cent span all Chinese goods, China’s moves target specific American exports, and companies which do business in China. PHOTO: AFP – Minutes after United States President Donald Trump’s sweeping tariff hikes on Chinese goods kicked in on Feb 4, Beijing fired off a series of retaliatory salvos of its own: a carefully-crafted basket of measures that signals China’s resolve yet leaves space for dialogue. Unlike the US, whose tax hikes of 10 per cent span all Chinese goods, Beijing’s moves target specific American exports, and companies which do business in China....