China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that Beijing’s tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.
It would be a miscalculation by the United States if its intention is to contain China’s rise, ministry spokesman Gao Feng said at a regular media briefing in Beijing.
“If the U.S. attempts to use protectionist trade policies to contain China’s development and force China to make concessions even at the costs of companies’ interests, it has taken a miscalculated step,” Gao said.
