China's tariffs measured, say analysts

China has announced extra tariffs of up to 25 per cent on 128 US products including fruit. These will hit trade amounting to $3.9 billion, the equivalent of Chinese exports affected by new US tariffs on steel and aluminium.
China has announced extra tariffs of up to 25 per cent on 128 US products including fruit. These will hit trade amounting to $3.9 billion, the equivalent of Chinese exports affected by new US tariffs on steel and aluminium.PHOTO: EPA-EFE

Beijing trying to avoid trade war while protecting its interests in responding to US duties, they say

China's retaliatory tariffs in response to US duties on Chinese goods are measured because Beijing wants to avoid a trade war even as it signals that it would protect its interests, analysts have said.

On Sunday, China announced extra tariffs of up to 25 per cent on 128 US products including pork, fruit, wine, nuts and scrap aluminium.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on April 03, 2018, with the headline 'China's tariffs measured, say analysts'. Print Edition | Subscribe