Beijing has tactics besides just tariffs to hurt the U.S. in a trade war.
After President Donald Trump raised tariffs on $200 billion of imported Chinese goods, trade experts worried that China, which has the world’s second-largest economy, will unleash a Pandora’s box of punitive tactics against American companies.
“It’s true that the base on which they can put on additional tariffs is much more narrow than the U.S.,” said Ludovic Subran, global head of macroeconomic research at Allianz and chief economist at Euler Hermes.“The first thing to observe here is that China is not a country of laws, it's an authoritarian dictatorship," said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics, who warned that American businesses could be hurt by Trump’s antagonism.
For example, Chinese officials could slow the customs process for U.S. products entering the country, launch investigations into or spring inspections onto factories, hotels or other businesses — all activities for which a veneer of plausible deniability would make proving a punitive motive difficult.
Financial companies, along with legal, consulting, and other professional service providers could also find themselves facing more hurdles, Sabran said. “They could start to show their teeth a little bit and make it more difficult to do business,” he said.
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