Tariff hikes not a win-win for China, US

Retaliatory steps may disrupt global economy, crimp trade, say experts

Tariff hikes are attempts by the US authorities to curb China's rapid growth and would result in steep losses for both sides, besides causing disruptions to the global economy, economists said.

Recent steps taken by Washington show that they (US) want to suppress China's development, and not just seek better trade balance, said Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, and the former chief economist of the World Bank.