Impact on Chinese economy manageable
Dong Yan, director of the International Trade Office at the Institute of World Economics and Politics, Chinese Academy of Social Sciences
US President Donald Trump has launched a tariff war not only against China but also against some other economies and threatened to undermine the multilateral trading system. Apart from China, quite a few other economies have also taken countermeasures to Trump’s unilateral and protectionist moves. For instance, Russia plans to impose 25-40 percent tariff on US industrial goods, including equipment for road construction, oil and gas, and mining in response to the US tariffs on Russian metals.
And France has warned the US that Europe will unite to retaliate against the US tariffs. As Chinese philosopher Mencius said, a just cause enjoys abundant support while an unjust cause finds little.
Nevertheless, despite being on the side of justice, China may not