China is preparing to counter any US trade penalties - Livesquawk
Livesquawk reporting a Reuters sources piece
According to Reuters "sources" the Chinese government is calling in its think-tanks and advisers and asking them how they could counter any trade penalties applied by the US.
They are worried about the impact from tariffs and taxes to their large surplus with the US.
With Trump wanting to get back to 'Made in America', what happens with trade relations with China is going to be very important for markets.