China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China shrugs off threat of US tariffs to economy

CHINA – China’s leaders are downplaying the potential impact from US President Donald Trump’s trade war, saying they have the capacity to protect jobs and limit damage from higher tariffs on Chinese exports. The briefing Monday by several senior officials of different government ministries appeared aimed at shoring up confidence with promises of support for

Tariffs: We're on right side of history in trade standoff with US

China on Monday said it was on the right side of history in its gruelling trade war with the United States. Recall that the US President Donald Trump, since returning to the presidency in January, has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China. In retaliation, China slapped 125 per cent tariffs of its own on US goods. A Chinese senior economic planner Zhao Chenxin, while s…

China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports.

US tariffs could endanger 16 million export jobs in China: Goldman Sachs

Investment bank researchers say retail, wholesale goods likely to be hardest hit, particularly apparel, chemical products and communications gear.

China Repeats Vow to Support Jobs, Economy as US Tariffs Hit

Chinese officials reiterated their plan to strengthen support for employment and the economy, as a trade war with the Trump administration continues with no immediate off-ramp in sight.

For the researcher at the American Enterprise Institute, the economic situation remains alarming for the United States, while China fully understands the economic situation in the United States.