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>> I have been very consistent->> US President Donald Trump says, he wants to hit China with the big fine on trade. But in the capital Beijing experts and insiders say, there's little sense of a crisis. Voices in the US business community have warned China, that the US president is serious about tough action on trade.
And he told Reuters in an exclusive interview, potential big damages are on the way. However, Reuters Michael Martina in Beijing says, officials think Trump is bluffing.>> So here in China, the sense we get is that Chinese officials aren't overly concerned about the threat of a trade action by the Trump administration.
For one, they feel that perhaps the Trump administration doesn't have the political standing, and sort of will to endure the economic fallout and the retaliation from the attorney side that would almost certainly ensue. They also say that the two economies are so intertwined that US trade actions, serious US trade actions would essentially be shooting the US economy in it's own foot.
>> Sources in China say, politically Trump can't afford to strain relations by taking action, and China can weather a trade war.>> What they think may be coming are series of targeting trade actions in specific sectors. And again, their idea is that any of those actions would be, would amount to such a small portion of the overall trade, that it would be a manageable situation.
China has learned from past experience, in the 1990's that it's successfully negotiated it's way out of at least two, three or one cases on intellectual property with no serious punishment.>> Hanging over trade friction, inquiries into whether Chinese imports harm national security, and then look into alleged theft of intellectual property.
The question then is whether Trump's next move can bite.