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White House Weighs Economic Retaliation Against China As Hassett Warns "All Options Are On The Table"

By CDM Staff

May 24, 2020

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White House Weighs Economic Retaliation Against China As Hassett Warns "All Options Are On The Table" — *Liu He at US Treasury to resolve the US-China trade dispute*

While Secretary of State Mike Pompeo slams China over its planned 'National Security' law, which clearly aims to suppress all political dissent and "foreign influence" in Hong Kong, while hinting that the special trade status enjoyed by the city-state might soon be revoked, White House economic advisor Kevin Hassett appears on CNN Friday to play 'bad cop' to Pompeo's 'good cop'.

As Huawei scrambles to find suppliers not based in the US, Hassett insisted that the White House is "absolutely not going to give China a pass" and is already considering any and all forms of economic punishment, including, presumably, more laws to force the de-listing of Chinese companies on US exchanges, or even the cancellation of US debt held by Beijing.

"We’re absolutely not going to give China a pass. All the options are on the table," Hassett said...

To read more visit Zero Hedge.

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