(W.E. Talk) Fmr. World Bank VP: China’s able to play long game to counter U.S. tariff bullying

China takes firm and rapid countermeasures against U.S. tariff bullying. In the latest W.E. Talk, Otaviano Canuto, Senior fellow at the Policy Center for the New South and former vice president and executive director at the World Bank, noted that China has the economic clout to absorb short-term costs and play the long game in a trade standoff.

Canuto further added that China’s countermeasures are calculated, not reactionary, making it clear that China will not accept unilateralism quietly. (Chen Tianhao)