It has proven extremely difficult for China to deal effectively with Donald Trump’s economic agenda. Beijing responded first with a classic “tit for tat” response, but has now moved to a broader defensive position. This has involved a concerted effort to stabilize expectations and a shift to more expansionary policies. Whether these policies will be adequate remains to be seen, but it is already clear that “tit for tat” has failed to meet China’s needs.
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Economic Policy under Trade War Conditions: Can China Move Beyond Tit for Tat?
