The world’s second-largest economy will “outlast” its ongoing tariff war with Washington and “emerge stronger,” the state-controlled China Daily warned in a Tuesday editorial.
“Underestimating China’s resolve to safeguard its legitimate interests, the United States will find its protectionist measures backfiring to harm its own industries and the American people,” the Beijing-based newspaper stated.
Beijing on Tuesday announced retaliatory duties on $60 billion worth of American goods following President Donald Trump’s latest trade action. On Monday night, the U.S. leader unveiled a 10 percent tariff on $200 billion worth of Chinese imports that will go into effect next week and eventually rise to 25 percent by year-end.
“If the US really wants to end the trade conflict, it should show more sincerity and adopt a down-to-earth, problem-solving approach,” the English-language media outlet said. “The trade conflict will not force China to succumb to US pressure,” it continued.
Read the full editorial on China Daily.