China trade experts are urging caution on Xi Jinping as he plots the best response to Joe Biden’s tariffs on $18bn of Chinese imports, knowing that a tit-for-tat battle could hurt the slowing economy and escalate tensions during a politically charged US election campaign.
The US president on Tuesday sharply raised tariffs on Chinese products including electric vehicles and solar cells in a pre-election effort to protect American jobs.
China’s dominance of cleantech supply chains means that Beijing has the potential to retaliate in kind, c