Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. 

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Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers

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A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers.

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AP Business Writer HONG KONG (AP) — A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers. The official, Vice Commerce Minister Wang Shouwen, told reporters in Beijing that China can manage “the impact of external shocks” like higher tariffs. Asked about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on Chinese goods, Wang said that would not sold the U.S. trade defici…

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HONG KONG (AP) -- Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.

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HONG KONG (AP) — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing.  Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would “not solve the country’s own…

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Higher tariffs on Chinese exports will backfire - and China can manage the impact of such "external shocks", a senior Commerce Ministry official said on Friday in Beijing.

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Senior Chinese official warns any future US tariff hikes will backfire

AP Business Writer HONG KONG (AP) — A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers. The official, Vice Commerce Minister Wang Shouwen, told reporters in Beijing that China can manage “the impact of external shocks” like higher tariffs. Asked about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on Chinese goods, Wang said that would not solve the U.S. trade defic…

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

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