Nightly Business Report has the story China has a limited number of weapons to use in a trade war with the US.
China is limited somewhat in the amount of retaliatory tariffs it can apply, simply because it doesn’t import nearly as much in American goods compared with what the U.S. takes of Chinese products. China imported just $129.9 billion from the U.S. in 2017, compared with $505.5 billion in exports, according to the Census Bureau.
I did a little Google search to find the WikiPedia article Foreign-exchange reserves of China.
In October 2016 China’s foreign exchange reserves totaled US$3.12 trillion, the lowest total since 2011, but remained higher than the foreign exchange reserves of any other nation.
The Chinese really need to be able to sell us the exports they send to the USA considering they are selling this stuff at a loss, and taking in our money that they have no use for.
One lesson here is don’t count on Nightly Business Report for information about investing, money, finance, or international trade.