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VIDEO+More Pain Ahead”: Wilbur Ross Says Trump Will Put More Pressure On China “To Modify Their Behavior”

Chinese stocks slumped overnight as trade war tensions escalated after Wilbur Ross said there’s more pain ahead unless China changes its economic system, as Beijing repeated it will never surrender to U.S. trade threats.

“We have to create a situation where it’s more painful for them to continue their bad practices than it is to reform,” Commerce Secretary Wilbur Ross said in an interview on Fox Business Network late on Thursday. As a result, Trump will keep turning up the pressure on China for as long as the country refuses to level the economic playing field, Ross said.

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