Caixin
Sep 17, 2018 08:54 PM
ECONOMY

China Could Ban Exports of Products Crucial to U.S. Manufacturers, Former Finance Minister Says

Former Finance Minister Lou Jiwei suggested that China could impose a retaliatory ban on exports of key Chinese products, materials and components used by U.S. manufacturers. Photo: VCG
Former Finance Minister Lou Jiwei suggested that China could impose a retaliatory ban on exports of key Chinese products, materials and components used by U.S. manufacturers. Photo: VCG

* Lou emphasized at forum that he was only offering an analysis of a possible scenario, and his views do not represent those of the Chinese government

* The U.S. could create an alternative supply chain, but that would take three to five years, he said

(Beijing) — China could respond to U.S. tariffs by banning exports of key components, intermediate materials and equipment that U.S. manufacturers depend on, former Finance Minister Lou Jiwei suggested at a forum.

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