China to Retaliate If Trump Boosts Tariff, Says Ex-PBOC Official

Tariffs may affect yuan and demand for US debt, Zhu Min says
Escalation of trade war would be ‘tough’ for both countries

Zhu Min
Photographer: Kiyoshi Ota/Bloomberg

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By Ye Xie, Romaine Bostick, and Scarlet Fu

November 15, 2024 at 5:31 PM EST

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China will fight back if President-elect Donald Trump follows through on his promise to impose a 60% tariff on Chinese imports, according to Zhu Min, a former top official at the Chinese central bank.