China can afford to do very little as the US legitimately raised tariffs on goods China dumps or attempts to dump in the US at below cost. The US doesn’t dump products in China, at least next to nothing, so there are no legitimate responses China can take.
Raising tariffs on US exports that comply with trade regulations would lead to a swift and probably disproportionate response from the US, and an escalation of a trade war hurts China far more than the US, given China’s trade surplus with the US.
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