US tariff abuse will impact China, but "the sky won't fall". The US government's imposition of a 34% tariff on China, added to previously imposed tariffs, will severely restrict bilateral trade and inevitably cause short-term negative effects on our exports, increasing economic downward pressure…Facing US variability and extreme pressure, we haven't closed the door to negotiations, but we don't harbor wishful thinking either, having made various preparations to respond to impacts. - April 7th People’s Daily
On Saturday the Chinese government released a statement of its “position opposing U.S abuse of tariffs” and People’s Daily will run a commentary in the Monday, April 7th edition of the paper titled “Focus on Doing Our Own Things Well and Strengthen Confidence in Effectively Responding to U.S. Tariff Impacts 集中精力办好自己的事 增强有效应对美关税冲击的信心”.
The commentary is an important read as an internal message to project resolve and confidence in the face of American “containment and suppression 遏压”,…