In other news, China's foreign ministry has now explicitly rejected Trump's call for them to investigate former Vice President Joe Biden.
“We have no intention of intervening in the domestic affairs of the United States. Our position is consistent and clear,” Chinese foreign ministry spokesman Geng Shuang said Tuesday, according to the South China Morning Post, the main English-language newspaper in Hong Kong.
Meanwhile, the International Monetary Fund's chief director Kristalina Georgieva says Trump's trade war could cost the global economy $700 billion in 2020 even if global growth increases. This might be a conservative estimate.
Finally, it appears that China will retaliate in some unspecified way for the Trump regime's decision to add more Chinese companies to the Commerce Department's blacklist.
Asked Tuesday whether China would retaliate over the blacklist, foreign ministry spokesman Geng Shuang told reporters “stay tuned.” He also denied that the government abused human rights in the far west region of Xinjiang.
“We urge the U.S. side to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said in Beijing. “China will continue to take firm and forceful measures to resolutely safeguard national sovereignty, security and development interests.”
If I had to guess -- China will cancel recent orders for American agricultural goods that haven't shipped yet.