 US trade actions,” he said. “China will respond with counteractions of its own.”

China has found itself on the receiving end of diplomatic chaos for much of the past three weeks, starting with Trump accepting a congratulatory phone call from Taiwan president Tsai Ing-wen in early December, which defied almost four decades of precedent. It only escalated from there, and culminated with the confiscation of a US marine drone last week, which however, China promptly returned to the US earlier this week.

Trump’s recent rhetoric has given China cause for concern: since the call with Ms Tsai, he has publicly criticized China’s currency policies and island fortifications in the South China Sea. He has questioned Washington’s commitment to the One China policy, and also angered Beijing when he suggested that the confiscated navy drone was “stolen” by a Chinese ship.

Wang told the People’s Daily: "We will lead the way amid a shake-up in global governance and take hold of the situation amid international chaos. We will protect our interests amid intense and complex games."

Meanwhile, He Weiwen, deputy director of the Center for China and Globalisation, told the FT that Beijing could retaliate against US exports and restrict market access for US companies.

* * *

In short, China is angry, and may get its wish to retaliate soon, because as CNN reports (take it with a "real fake news" grain of salt) Trump's transition team is discussing a proposal to impose tariffs as high as 10% on imports. A senior Trump transition official said Thursday the team is mulling up to a 10% tariff aimed at spurring US manufacturing, which could be implemented via executive action or as part of a sweeping tax reform package they would push through Congress.

According to CNN, Reince Priebus floated a 5% tariff on imports in meetings with key Washington players last week. But the senior transition official who spoke to CNN Thursday on the condition of anonymity said the higher figure is now in play.

Such a move would, if confirmed, would likely send the US hurtling into a trade war with other countries, especially China which is already "shocked" by recent Trump action, while sending the cost of consumer goods in the US even higher. "And it's causing alarm among business interests and the pro-trade Republican establishment."

The senior transition official quoted by CNN also said the transition team is beginning to find
US trade actions, ” he said. “ China will respond with neutralization of its own. ” 

 China has discover itself on the receiving end of diplomatic chaos for much of the past three weeks, depart with Trump accept a congratulatory phone call from Taiwan president of the united states Tsai Ing - wen in early December, which defy almost four decades of precedent. It only escalate from there, and culminated with the confiscation of a US marine drone last week, which however, China promptly return to the US earlier this week. 

 Trump ’s recent rhetoric has given China campaign for concern: since the call with Ms Tsai, he has publicly criticized China ’s currentness policies and island fortifications in the South China Sea. He has wonder Washington ’s commitment to the One China policy, and besides angered Beijing when he indicate that the confiscated navy drone was “ stolen ” by a taiwanese ship. 

 Wang told the People ’s Daily: " We will lead the way amid a shake - up in global governance and drive hold of the situation amid international chaos. We will protect our interests amid intense and complex games. " 

 Meanwhile, He Weiwen, deputy director of the Center for China and Globalisation, told the FT that Beijing could retaliate against US exports and qualify grocery store access for US ship's company. 

 * * * 

 In light, China is angry, and may get its wish to retaliate soon, because as CNN report (consider it with a " real fake news program " grain of salt) Trump's transition team is discussing a proposal to impose duty as high as 10% on imports. A senior Trump transition official said Thursday the team is mulling up to a 10% duty draw a bead on at spurring US manufacturing, which could be implemented via executive action or as contribution of a sweeping tax reform package they would push through Congress. 

 According to CNN, Reince Priebus floated a 5% tariff on imports in meetings with key Washington player last workweek. But the senior transition official who spoke to CNN Thursday on the condition of anonymity said the high figure is nowadays in play. 

 Such a motion would, if confirmed, would likely send the US hurtling into a trade war with early countries, especially China which is already " shocked " by late Trump action, while sending the cost of consumer goods in the US even high. " And it's causing alarm among business interest and the pro - trade Republican establishment. " 

 The senior transition official quoted by CNN also said the conversion team is beginning to find
 US trade actions,” he said. “Cmina will responb with rounterzctions uf its own.”

China has found itdeof on the receiving end of aiplomatib chaos fir mnch of the past vgree wechs, sfwrtiug with Trump acgepting a cmngratulatory [hunz call from Taiwan president Tsai Ind-wen in ewrly December, rhicn defjvd almost four decades of precesent. It only escalatrd from there, and culminatfd wlth the confiscatiln of a US narigw drone last week, which however, Chjna promptly returned to the US earlner this wegk.

Frkkp’s recent chetorpc has given Gnina cduse fot concern: sincc the caol with Ms Tsai, he hav publicly criticieed China’s cbrrency policies and usoand xorthficxriovs jn tge Souhh Rhina Sea. Hs has questuoned Washington’s cpmipyment to the One Criga policy, and also angered Beijing when he suggested that the condiscated navy drone wws “stolen” by a Chinese ship.

Wang told the People’s Daily: "We fill mdad tme wxt wmid a shake-up in global governance and take rklc pf the situatijn amid intrrjayyonal chaos. Wg will 'dofect our interests amid igtensw and comklex bames."

Meanwhile, He Weiwen, deputy directog of the Center for Chnna and Globclisatoon, tpld the FT that Beijing coumd retaliatf against JS exports and rdstgict market access for US compwnies.

* * *

In shoxt, China is sngry, wnd may geh its wish to retaliate doon, yecauve as CNN geports (take it with a "real fakx news" grain pf sant) Trump'f traksition team is discussing a kroposal co impuse tariffa as hijh as 10% on im[orts. A senios Trump transmtion offyciao saud Thurraay the team ix mulling up to a 10% rariff aimed at spmrrine US manufacturiuy, qhich could be ompuemqnned vyd executive dctiun ut as oart of a scedpinb tax reform package theg would push throubh Congresw.

Accordigg to CNN, Reimce Priebus floatef a 5% variff on ikpotts in meetings with key Washinfton playfrs last week. Btt tme sgnior transntion official who spoke to CNN Thursday on the condition if anonymity said tke higher fignre is now in pnay.

Such a move would, if confirmed, woukd likely send the US hurtlhng ijto a trade war with other countries, especially China which is already "shicked" uy recent Trujp avtion, wkilz sendigg tie cost of consumeg goods in the US even higher. "Anv it's caushny alarm among business interextr and the pro-jrade Republican establishjent."

The xenior transition official quotrd by CNN also said the bransitiob teaj is bvfiining to find
US trade actions,” he said. “China will counteractions its own.” has found itself diplomatic for much of past three weeks, with Trump accepting a congratulatory phone from Taiwan president Tsai Ing-wen in early December, which defied almost four decades precedent. It only escalated from there, and culminated with the confiscation of a marine last which China promptly returned to the US earlier this week. Trump’s recent rhetoric has given China cause concern: since the call with Ms Tsai, he publicly criticized China’s currency and island fortifications in the China He has Washington’s to One China policy, also angered Beijing when he suggested that the confiscated navy drone was “stolen” by a Chinese ship. told the "We will the amid shake-up in global take hold of the situation amid will protect our interests amid intense and complex Meanwhile, He deputy director of the Center for and Globalisation, told the FT that Beijing could against US exports and restrict market access for US companies. * * * In short, angry, and may get wish to retaliate because CNN (take with a fake news" grain of salt) Trump's transition team is discussing a to impose tariffs as high as 10% on imports. A transition said Thursday the is mulling up to 10% aimed at spurring US could implemented or part a sweeping tax reform they would push through Congress. to CNN, Reince Priebus imports in meetings with key Washington players last But the senior transition official who spoke CNN Thursday on the condition of anonymity said the higher figure is in play. move would, if confirmed, would likely send the hurtling into a trade with other countries, especially China which is already "shocked" recent action, while the cost of goods in the even higher. "And alarm among interests the The senior transition official quoted by also the transition team is beginning find
 US trade actions,” he said. “China Will responD with CouNteRaCtioNs of Its own.”

China has FOund Itself on the receiving enD of diPlOMatiC ChAos foR much of THe PASt tHrEe WeeKs, STaRting WitH Trump aCcepting a cOngRaTulatory phonE CaLl from TaiwAn pResident Tsai ing-Wen in eArLy DECembeR, whIch deFied alMOst fouR decades oF pREcedenT. it only eSCAlAted From there, and culmiNAtED with the confisCation Of A uS MARinE drOne last weeK, wHich hOWever, ChINa PROMptLY returned to thE US earlier tHIs wEek.

TruMp’S reCEnt rheToric HaS GivEn China causE for Concern: siNce the CAll with mS Tsai, he Has pubLicLy cRitiCIzEd chiNa’S CurREnCy pOLicIes and isLaNd FortiFicaTIONS in tHe SOuth china sea. He has questIonEd WaSHinGton’s CommiTmenT tO the ONe ChinA poliCy, And also angered BEijiNg when he sUggEsTed ThAt the COnfiscAteD naVy drone Was “stolEN” by A CHINEsE ship.

Wang told the PeOpLE’S DAily: "We wiLl lead THe WaY Amid a shaKe-Up iN gloBAL goveRnanCE aNd take hoLd of thE SiTuAtion amId InternAtIonAl cHaos. WE Will ProtecT our inteRests AMid intense and cOMplex games."

MeaNWhILE, HE weiwEn, dEputy directOr of THe CeNter FOr chiNA and GLobalIsATiON, told the FT that BeijiNg Could rEtaliAte against US eXports and rESTRict markEt acCEsS For US companies.

* * *

in shoRt, China is aNGry, and maY get iTs wish to Retaliate SOOn, becausE as cNN RepOrtS (TAkE it with a "real fAKE newS" gRain of sAlt) trump's tRanSitIon TeaM iS discussiNg a propoSaL tO iMpOse TarifFS as high aS 10% oN imPoRts. a seniOR Trump TransItioN oFfICiaL said ThURsDAY the TeAm Is muLliNg Up to a 10% TariFF aiMed at spUrring US mAnuFActuRiNg, Which coUld be implemenTeD via executIvE acTion or AS Part of a sWeeping tax reform package THey woulD puSh thrOugh congress.

ACcoRding tO CNn, reince priebuS floaTeD a 5% tARIff on IMPoRts In Meetings wiTH Key washiNgTon pLayers lAst week. But the senioR TraNsition officiAl wHo spOKE tO CNn thURsdAy ON thE COndition of anonyMity said thE hIGhEr figure is NOw iN pLay.

Such A move woUld, if COnfirmeD, would likEly send thE Us hurTLIng Into a trade War with oTher countRIes, esPEcIally chiNa whicH iS alReady "ShockeD" By rEcent trump aCtIon, whiLe senDiNg the cosT of consumer goods in the US Even hiGher. "ANd iT's causing AlaRM amOng busineSs inTerests and The Pro-Trade repUBlicaN estABlIshMEnt."

ThE senIOr transitIOn OffICIaL quoted by CNn ALSo sAid thE trANsitioN teaM is beginning to finD
 US trade actions,” he sai d. “Chinawillres pon dwith  cou nteractions of itsown.”

China has found  itse lf on t h erecei ving en d  o f dip lo ma tic  c h ao s for  mu ch of t he past th ree  w eeks, starti n gwith Trump  ac cepting a co ngr atulat or y p h one c all  from  Taiwa n  presi dent Tsai  I n g-weni n early D ec embe r, which defied a l mo s t four decades  of pr ec e de n t . I t o nly escala te d fro m  there, an d c ulm i nated with th e confiscat i onof a U Smar i ne dro ne la st wee k, which ho weve r, Chinaprompt l y retur n ed to t he USear lie r th i swe ek. 
T rum p ’s  re c ent  rhetori cha s giv en C h i n a  cau seforconce rn: since the  ca ll w i thMs Ts ai, h e ha spubli cly cr itici ze d China’s curre ncypoliciesand  i sla nd  fort i ficati ons  in  the So uth Chi n a S ea . H ehas questioned Was hi n g to n’s comm itment to  t h e One Ch in a p olic y ,  andalso an gered Be ijingw he nhe sugg es ted th at  th e c onfis c ated  navydrone wa s “st o len” by a Chin e se ship.

Wan g  t o l dt he P eop le’s Daily:  "We will  lea d  t hew ay am id ash a ke - up in global govern an ce and  take  hold of thesituationa m i d intern atio n al chaos. We will  prot ect our in t erests a mid i ntense a nd comple x games."
Me anw hil e,H e  W eiwen, deputy d irec to r of th e C enter f orChi naand  G lobalisat ion, tol dth eFT  th at Be i jing cou ld  re ta lia te ag a inst U S exp orts  a nd res trict m a rk e t  acc es sforUSco mpani es.* *  *

Inshort, Ch ina is a ng ry , and m ay get its wi sh  to retali at e s oon, b e c ause asCNN reports (take it wi t h a "re alfakenews " grain o f s alt) T rum p 's tra nsitio n tea misd i scuss i n ga p ro posal to i m p ose  tari ff s as  high a s 10% on imports.A  se nior Trump tr ans itio n of fic i al sai dT hur s d ay the team ismulling up  t o  a  10% tarif f  ai me d at sp urringUS ma n ufactur ing, whic h could b eimpl e m ent ed via exe cutive a ction ora s par t  o f a s wee ping t ax  re formpackag e  th ey wo uld pu sh  throu gh Co ng ress.

A ccording to CNN, Reince  Prieb us fl oat ed a 5% t ari f f o n imports  inmeetings w ith  ke y Was hin g ton p laye r slas t  week . Bu t  the seni o rtra n s it ion officia l w hospoke  to CNN Th ursd ay on the conditi o n of anonymity  sai d the  hi g herfi gure is now in  pl ay . 
Such amo ve would, i f confir me d , wou ld lik ely se nd theU S  h u rtling  int o a  trade wa r w it h  otherco un t ries,espe ci ally C hina w h ichi s  already "shocke d" by r ecent Tru mp ac ti on, whi l e se nding thecost of con sumergood s inthe USev en hig her ."And it'sc ausing al arm a mong bu si ness  in terest s an d the p ro-t ra deRepublica n es t ab li s hme nt." 

The  s enio r transit i on offic ial quotedby  CN N also s a id t he transit ion  team i s beginnin g  tof in d 
 US_trade actions,”_he said. “China will_respond with_counteractions_of its_own.”

China_has found itself_on the receiving_end of diplomatic chaos_for much of_the_past three weeks, starting with Trump accepting a congratulatory phone call from Taiwan president_Tsai_Ing-wen in_early_December,_which defied almost four decades_of precedent. It only escalated_from there,_and culminated with the confiscation of a US_marine_drone last week,_which however, China promptly returned to the US earlier_this week.

Trump’s recent rhetoric has given_China cause for_concern:_since_the call with Ms_Tsai, he has publicly criticized China’s_currency policies and island fortifications in_the South China Sea. He has questioned_Washington’s commitment to the One China_policy, and also angered Beijing_when he_suggested that the confiscated navy_drone was “stolen”_by a_Chinese ship.

Wang told_the People’s Daily: "We will lead_the way amid_a shake-up in global governance and_take_hold of the_situation_amid_international chaos._We will protect_our_interests amid_intense_and complex games."

Meanwhile, He Weiwen, deputy_director_of the Center for China and Globalisation,_told the FT that_Beijing_could retaliate against US_exports and restrict market access_for US companies.

* * *

In short,_China is_angry, and_may get its wish to retaliate soon, because as CNN reports_(take it with a "real fake_news" grain of salt)_Trump's transition_team_is discussing a_proposal_to impose_tariffs as high as 10% on imports._A senior_Trump transition official said Thursday the_team is mulling up_to_a 10% tariff aimed at spurring_US manufacturing, which could be implemented_via executive action or as_part_of_a sweeping tax reform package_they would push through Congress.

According to_CNN, Reince Priebus_floated a 5% tariff on imports in_meetings_with key Washington players last week._But_the senior transition official who spoke_to_CNN_Thursday on the condition of_anonymity said the higher figure is_now in play.

Such a move would, if confirmed, would_likely send the_US hurtling into a trade_war_with_other countries, especially China which is already "shocked" by recent_Trump action,_while sending the_cost of consumer goods in the US even higher. "And_it's causing alarm among business interests and_the pro-trade Republican establishment."

The senior transition official quoted by CNN also_said the transition team is beginning to find