Foreign media headlines: Sino-US trade will fall into a "retaliation cycle" in 2017

The US Consumer News and Business Channel (CNBC) reported on December 28 that an economist in the United States said on the 28th that as Trump takes steps to confront China with trade, China and the United States may fall into Trade "retaliation cycle". In the CNBC financial talks program, Derek Scissors, chief economist of the China Beige Book, said that Trump would not be allowed to make a quick attack on China after taking office on January 20, 2017, but The Ramp government may be able to start with some less radical aspects, such as tariffs on steel.
"Then China will retaliate, and the United States will be reluctant to retaliate, so it will fall into a cycle." Shi Jiandao said.
Although the avoidance of a comprehensive trade war requires "the wisdom of both China and the United States," the United States will undoubtedly "do something."
Regarding China's macroeconomic aspects, Shi Jiandao believes that China will not devalue the currency because it will stimulate capital outflows and anger China's trading partners.
Shi Jiandao said that although high oil prices are not a positive news for China, a major oil importer, stable oil prices will raise the overall sentiment, even if oil prices will rise by three to four percentage points. This situation will be much better than the deflation of sustained production that has plagued the energy market since the summer of 2014.

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