"If Trump and the administration really levy a 60 per cent tariff on China, I think China will retaliate" and bring the case to the World Trade Organisation, said Dr Zhu, a former deputy governor at the People's Bank of China, or PBOC, in an interview on Bloomberg Television on Nov 15. "There are many things they can do."
He did not specify the potential retaliation measures. But he said the tariffs would impact the Chinese currency, which, he said, is determined by market forces such as trade and capital flows. The tariffs will also affect China's demand for US Treasuries, he added.
Denne historien er fra November 17, 2024-utgaven av The Straits Times.
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Denne historien er fra November 17, 2024-utgaven av The Straits Times.
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TACKLE PLASTIC WASTE, ONE NAIL AT A TIME
Before global leaders take the problem of plastic pollution into their hands in November, Japanese manicurist Naomi Arimoto is putting it on her fingernails.
Unpacking Ireland's cultural and creative renaissance
From Sally Rooney's bestsellers to actor Paul Mescal, Ireland, which holds a general election on Nov 29, has been enjoying a cultural and creative renaissance.
Jung Ho-yeon and Lee Dong-hwi split
Squid Game (2021 to present) star Jung Ho-yeon has split from her actor-boyfriend Lee Dong-hwi after a nine-year relationship.
Dorothy's ruby slippers to go under the hammer
The ruby slippers worn by the late American actress Judy Garland in classic film The Wizard Of Oz (1939) will be sold at auction in December, nearly 20 years after they were stolen.
Artist Julie Mehretu opens solo Show in Sydney
Ethiopia-born New York artist Julie Mehretu (right), considered one of the most influential living painters, has opened her first solo show in the Southern Hemisphere in Sydney.
Wicked's renowned costume designer returns to Oz
Tony Award-winning designer Paul Tazewell first created costumes for The Wizard Of Oz in a high-school production
ULTIMATE SELF-CARE
'Tis the season to treat yourself at spas and salons, which have introduced a slew of treatments for head-to-toe pampering
Fifa using $67m legacy fund for social initiatives
LAUSANNE - Fifa launched a US$50 million (S$67 million) legacy fund for social programmes on Nov 27, in collaboration with 2022 World Cup hosts Qatar and the World Health Organisation (WHO), the World Trade Organisation (WTO) and UNHCR, the UN Refugee Agency.
THE MARATHON BIKER GUY
Veteran Aussie has cycled over 50 courses in 12 years to ensure the route is 42.195km
Emery upbeat despite late drama against Juve
DIFFERENT PERSPECTIVE
