No longer a simple tit-for-tat: China is ready to endure — and inflict — real pain on the US

“With regard to the prospects of additional escalation, there’s a great deal of pain yet to be inflicted. We don’t want to go there,” said Doug Barry, spokesman for the US-China Business Council. “We’re talking about a couple of trillion dollars of economic activity and a couple of million US jobs’ worth of potential hurt.”