Former Chinese min. Jianguo: China may add more tariffs - China press

Former China Vice Commerce Minister Wei Jianguo has been cited by Chinese press stating that China may add further tariffs to the US.

Key highlights

Jianguo has been quoted by the government-run Chinese press that the Chinese government is considering adding tariffs on US computer chips and US-made airplanes, a shot across the bow for the American airplane manufacturing sector, which has already been hobbled along by government handouts. This is following the statements that China may be set to also target US soybeans in the next round of the tariff battle if a compromise between the two superpowers isn't reached soon.