On December 11, 2018, Jeff Weiss was quoted in the Washington Examiner about how the Trump administration thinks the U.S. has the upper hand in the latest round of trade negotiations with China, which are set to end by March, noting that Beijing does not have the ability to withstand additional tariffs on imports from the U.S., while China has already hit the U.S. as hard as it can.
According to the article, there is still a possibility that China could retaliate against the U.S. through alternative options. Originally, the administration was going to increase tariffs on $200 billion in Chinese goods to 25 percent at the beginning of 2019, but following a meeting with Chinese President Xi Jinping at the G20 summit in Argentina, president Trump agreed to hold off on imposing further tariffs for 90 days to allow more time for negotiations.
Mr. Weiss said that it's true that China cannot match the U.S. dollar-for-dollar in the tariff battle, but that that is the wrong way to look at it.
"Whatever is left, if there is anything left, isn't going to be very much in terms of transparent retaliation," Weiss said. "What I worry about is the non-transparent retaliation."