During Donald Trump’s first administration, China learned that it couldn’t match the much larger U.S. economy tit-for-tat when it came to tariffs, and quickly found other ways to try to inflict pain—often by borrowing from his playbook. Now, as Trump’s second stint in office approaches, Beijing is brandishing an expanded arsenal of countermeasures that it is likely to draw upon as the president-elect threatens across-the-board tariffs and levies of as high as 60% on Chinese-made goods.
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