"Wait and see": China still mulling retaliation in trade war with U.S.

May 14, 2019

Companies were bracing Monday for how Beijing might retaliate against President Trump's escalation of a fight over technology and trade that threatens to disrupt a Chinese economic recovery. China has threatened "necessary countermeasures" for Mr. Trump's tariff hikes Friday on $200 billion of Chinese imports. But three days later, in a break with previous tit-for-tat penalties that were imposed immediately, Beijing had yet to announce what it might do.