Beijing believes that a trade conflict with Washington will have a limited impact on the economy, and the consequences of this conflict can be controlled.
China has developed the through the list of urgent measures, as the verbal sparring over U.S.-China trade relationship threatens to escalate into open economic conflict, with each side threatening high taxes on the import of each other.
Beijing all the political tools it needs to respond to this trade conflict with the United States and to minimize the economic impact, national development and reform Commission spokesman Zeng Peiyan said in a statement on Wednesday.
“We have a plan of response to emergencies of various levels and political means to meet the challenges, trade, initiated by the United States,” added Zeng.
He stressed that the trade dispute will affect the economy only partially and that China “has confidence, capacity and capability to ensure sustainable functioning of the economy”.
In March, the President of the United States Donald trump has threatened to impose $ 150 billion stiff tariffs on imported steel and aluminium from China and another $ 60 billion in additional fees for intellectual property theft the United States.
Beijing to retaliate by imposing their own tariffs on imported goods to us.
Earlier this month, President trump has offered to impose additional import tariffs against China’s $100 billion in response to what he called “unfair revenge” on the part of Beijing.
Sourse: sputniknews.com
