BEIJING — China's retaliatory measures against the United States in their ongoing trade war have raised questions about the limitations of Beijing's ability to fight back.
Beijing's retaliation did not match the size of Washington's action of raising tariffs on $200 billion worth of Chinese goods from 10% to 25%. China has imposed additional taxes on a wide range of American goods worth $60 billion. But Beijing has left out some crucial goods from enhanced taxation. They include technology-related products and farm commodities like soy beans.
Most of the American products covered by additional taxation will see tariffs rising to 15-20% while only a few will be taxed at 25%.
"Beijing wants to minimize the domestic economic impact caused by tariff retaliation. Thus, commodities that might cause greater domestic repercussions have been excluded," said Zhengyuan Bo, the Beijing-based analyst for consulting firm GRisk.
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