Source: Joe McDonald, WRAL, 1/19/17

China is preparing to retaliate if U.S. President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group said Wednesday. Trump, who is due to be inaugurated Friday, threatened during his campaign to raise import duties on Chinese goods to 45 percent. American companies are frustrated by Chinese market barriers and want Washington to take a tougher stance toward Beijing but worry reckless action might trigger retaliation. 

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