1B | BIC) WORLD NEWS RLK: There's a lot of talk there Be might have been more countermeasures like selling | ¥ = 36 _ treasury bonds or disrupting y soa 4 “* ‘ American companies. That hasn't 1, ~~ x 4 v7 j occurred yet. China is sending i & . bs signals that it's ratcheting down |) a | <n 13 the escalation, not trying to is —— - escalate it. China has to respond. The government of . China, the Communist Party of . * : China, the leading Party, the ruling party here, has two big CHINA-US TRADE WAR facets that justifies its Higher import axes on almost 6,000 items legitimacy. Si) APPLE PAYS DISPUTED i RLK: One is the economic EEE = = —| growth. This is the 40th sia anniversary of reform and - a hs a ——— | opening up — China's economic P ~ 7 a =a Pe ws) | ee miracle. Increasing GDP per ashe Pr 4 eo = eae a capita is almost 50 times, ' ow . r= = 3 SM — making the standards of living of || } ae. te the vast majority of people quite || a —S ja : decent. Second area is national ig | ~<@ ag ~ rejuvenation, national pride. And 4 sa so the trade war affects both. 7 You have economics, and the CHINA-US TRADE WAR Pride: the economics, the tarifis, (eg [5] - ITSO SERRA 608 6C1eS ERIE are certainly suboptimal in all — — = respects for all countries, but Sr China must respond because it HOUSE_OVERSIGHT_026889