Responding to Trump’s Tariffs, China Shows ‘Cautious Anger’ – New York Times

GOOGLE NEWS For now, the proposed Chinese penalties appear to be a carefully calibrated response to the American steel and aluminum tariffs, which took effect on Friday. Beijing’s restrictions would affect $2.97 billion worth of American steel, aluminum and pork. That is roughly equivalent to the $2.79 billion worth of steel and aluminum that China exported to the United States last year, according to Commerce Department data. The goods that Beijing plans to penalize represents about 2 percent of the total size of American exports to China, according to Chad Bown, a senior fellow at the Peterson Institute for...

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