Here’s how China could hurt American businesses without resorting to tariffs
Allen, whose group represents major U.S. companies doing business in China, said the Chinese government has tried to reassure American investors that their interests should be protected and there have been no obvious cases of retaliation.
But if the trade fight proliferates, China could quickly deploy many of these non-tariff actions in a bid to exert leverage. China has far fewer U.S. imports to hit with duties compared to the amount of goods that China exports to the U.S. China’s central government may have an interest in trying to keep any non-tariff responses firmly under its control for now. Boycotts and similar mass movements against U.S companies would not only damage Chinese business interests but could quickly morph into social unrest aimed at the government, said Deborah Elms, executive director of the Singapore-based Asian Trade Center.Instead, the Chinese government could ramp up “qualitative” actions that can remain firmly under its control.
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