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China prepares to counter any US trade penalties

Advisers believe Trump likely to slap tariffs on areas like steel and furniture, and China could respond with actions in agriculture, machinery, consumer electronics

Premier Li Keqiang said last week that Beijing did not want to see a trade war with the US and urged talks to achieve common ground.


CHINA'S government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from US President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

The policy advisers believe the...

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