New tariffs by the US on Chinese products will certainly backfire and hurt the US economy, but they will not tarnish China's resilience or dampen development in the long run, experts said on September 1.
The comments came on the day the US administration imposed 15 percent additional tariffs on about half of another USD300 billion of Chinese imports, marking the latest escalation in the ongoing trade dispute.
Tu Xinquan, director of the China Institute for WTO Studies at the University of International Business and Economics in Beijing, said the US government's accusations against China, such as forced technology transfers and intellectual property infringement, are groundless. China, as an advocate of globalization, has the capability to ensure its own steady economic development, Tu said.
Source: China Daily
