Beijing will not respond to the name-and-shame approach by the Trump administration and will hit back if the U.S. imposes more tariffs or sanctions, says Stephen Roach, a senior fellow at Yale University.
"But if the U.S. does escalate further on the tariff front, or try other sanctions, then as we saw overnight, there will once again be intensification of pressure coming back from the Chinese."
"They have plenty of options to consider as the recent move in the bilateral exchange rate demonstrates," Roach said.war that has dragged on for more than a year. Both countries have slapped additional tariffs on each other's goods worth billions of dollars, and the escalating tensions have spooked markets and hurt global economic growth outlook.
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