Tariff spat may hit American jobs

Escalating trade friction between China and the United States, initiated largely by the Trump administration, will not have a significant impact on the Chinese economy, said a researcher with a top government institution on Monday.

Rather, it will reduce jobs in the US and weaken the US dollar, said Wang Changlin, vice-president of the Academy of Macroeconomic Research under the National Development and Reform Commission, the nation's top economic regulator.

China proposed an extra 25 percent tariff on a list of US products, such as soybean and pork, last week in response to the US' imposing of steep tariffs on $50 billion worth imports of Chinese products.