Ross Signals More Tariff Pain Ahead in China Trade Battle
- Trump directed staff to consider 25% tariff rate versus 10%
- China says U.S.’s ‘carrot-and-stick’ strategy won’t work
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Commerce Secretary Wilbur Ross signaled there’s more pain ahead unless China changes its economic system, as the Asian nation repeated it will never surrender to U.S. trade threats.
“We have to create a situation where it’s more painful for them to continue their bad practices than it is to reform,” Ross said in an interview on Fox Business Network on Thursday. The U.S. will keep turning up the pressure on China for as long as the country refuses to level the economic playing field, said Ross.