China’s Xi Tells CEOs He’ll Strike Back at U.S.

No more turning the other cheek, leader warns execs; that means American firms could face regulatory delays, consumer backlash

BEIJING—Chinese President Xi Jinping is responding to the Trump administration’s trade-clash escalations with a bare-knuckle approach that makes a bruising fight more likely.

After President Donald Trump raised the ante last week on punitive tariffs against Chinese products, Mr. Xi told a group of 20 mostly American and European multinational chief executives on Thursday that Beijing plans to strike back, according to people briefed on the event.

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