Sure they can. Why couldn't they?
Why? Because we only exported $115 billion to them in 2016. They already announced tariffs on $50 billion. So there is only another $65 billion remaining.
Closer to $170 billion, according to the U.S. Trade Representatives website.
If you read my whole post, I stated I was using 2016 numbers. If 2017 is indeed $170 billion. Then yes $120 billion is “available”. But they are getting close to tariffs on the entire US export total.
If/When Trump ups the ante again, China will run out of goods to tax.
According to this website: https://www.census.gov/foreign-trade/balance/c5700.html 2017 US exports to China was $130 billion.
At $130 billion, less the $50 billion China already announced, there is only $80 billion left to tax. So again, China may not even be able match Trumps planned $100 billion in additional tariffs.
$130,369,000,000 last year.
According to this website:
https://www.census.gov/foreign-trade/balance/c5700.html