"Wait and see": China still mulling retaliation in trade war with US

Officials appeared to be studying the potential impact on China's economy before picking their next steps, said Jake Parker, vice president of the US-China Business Council, an industry group. He said officials might be worried companies may shift operations out of China in response to "aggressive retaliatory actions." "I assume this goes fairly high within China's government before retaliatory actions are settled upon," said Parker.