A report by China News Service, citing Wang Changlin, a researcher with the National Development and Reform Commission (NRDC)
- China's economy is stable and resilient
- Tariffs imposed by the US will be shared by exporters, upstream raw material suppliers and US purchasers
Wang's argument is that the costs of the tariffs will be split and will end up hurting US purchasers as well, thus cushioning the blow that will be seen by the industries affected.
It's all very nitty-gritty and it will take a while before seeing the actual impacts of the tariffs coming to the surface - if and when the tariffs come into effect that is.
