China will outlast tariff war and emerge stronger
The Donald 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.
Underestimating China's resolve to safeguard its legitimate interests, the United States will find its protectionist measures backfiring to harm its own industries and the American people, as indicated by the swift response of American business groups that condemned US President Donald Trump's plans to impose tariffs on another $200 billion worth of Chinese imports from Monday.
Industrial groups such as the US Chamber of Commerce and the Retail Industry Leaders Association have said such tariffs will weaken the US' economic growth, and their impact would mainly be borne by US enterprises and families. "Now is the time for talks," the US National Association of Manufacturers urged in a statement.