China Daily: China will outlast tariff war and emerge stronger
China Daily |
Updated: 2018-09-19 15:48
The Trump administration would commit a serious mistake if it attempts to force China to make major concessions at the negotiation table in the face of its high tariffs on more Chinese goods, according to an editorial by China Daily.
Trump declared to impose tariffs on another $200 billion worth of Chinese imports from next Monday, which forced China to impose tariffs on $60 billion worth of US goods.
China's resolve to safeguard its legitimate interests is unshakable. The US will find its protectionist measures backfiring to harm its own industries and the American people, as indicated by the swift response of US business groups.
If the US really wants to end the trade conflict, it should show more sincerity and adopt a down-to-earth, problem-solving approach. "Now is the time for talks," the US National Association of Manufacturers urged in a statement.
In its four decades of reform and opening-up, China has more than once faced economic uncertainties due to external shocks, such as the 1997-98 Asian financial crisis and the 2008-09 global financial crisis, during which its economic growth fell sharply. But given its inherent resilience, China has always managed to find the proper solutions to put its economy back on track.
The trade conflict will not force China to succumb to US pressure. Instead, given its economic resilience, it will squarely face those challenges, find the right solutions, and emerge stronger, said the China Daily article.
The Trump administration would commit a serious mistake if it attempts to force China to make major concessions at the negotiation table in the face of its high tariffs on more Chinese goods, according to an editorial by China Daily.
Trump declared to impose tariffs on another $200 billion worth of Chinese imports from next Monday, which forced China to impose tariffs on $60 billion worth of US goods.
China's resolve to safeguard its legitimate interests is unshakable. The US will find its protectionist measures backfiring to harm its own industries and the American people, as indicated by the swift response of US business groups.
If the US really wants to end the trade conflict, it should show more sincerity and adopt a down-to-earth, problem-solving approach. "Now is the time for talks," the US National Association of Manufacturers urged in a statement.
In its four decades of reform and opening-up, China has more than once faced economic uncertainties due to external shocks, such as the 1997-98 Asian financial crisis and the 2008-09 global financial crisis, during which its economic growth fell sharply. But given its inherent resilience, China has always managed to find the proper solutions to put its economy back on track.
The trade conflict will not force China to succumb to US pressure. Instead, given its economic resilience, it will squarely face those challenges, find the right solutions, and emerge stronger, said the China Daily article.
