It could raise the retaliatory tariffs that it imposed on American-made goods last autumn. When President Trump imposed his 10 percent tariffs, Beijing responded by imposing a range of tariffs, from 5 percent to 25 percent, on $60 billion a year of American goods. For China, the problem with retaliatory tariffs is that they might not be enough to persuade Washington to relent. While some American businesses would be pinched by retaliatory Chinese tariffs, the broader economic impact on the United States could be more limited. China could broaden its tariffs to cover the one-third of its imports from the United States that it has not yet penalized.

Source: New York Times May 09, 2019 12:34 UTC