Im­pact on Chinese econ­omy man­age­able

China Daily (USA) - - VIEWS -

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

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