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Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

By Financial Post - 15 hours ago
HONG KONG (AP) — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports […]

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