China looks unlikely to give in after US tariff hike

In this Aug. 29, 2018, photo, a man works in an auto parts factory in Liaocheng in eastern China's Shandong province. The Trump administration announced Monday, Sept. 17, 2018, that it will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. (Chinatopix via AP)

China appears unlikely to back down after Trump approves new tariffs on $200 billion of Chinese goods

BEIJING — Exporters scrambled to replace lost orders after U.S. President Donald Trump raised tariffs in July on $50 billion of Chinese imports. Waves of job losses loom over factory towns. But Chinese leaders expressed confidence in their $12 trillion-a-year economy and refused to budge on tactics they see as a path to prosperity and global influence.

Economists, political analysts and business groups say China's leaders appear no more likely to back down after Trump approved penalties Monday on $200 billion more of Chinese goods.

The chairman of the American Chamber of Commerce in China, William Zarit, said Tuesday in a statement, "Contrary to views in Washington, China can — and will — dig its heels in and we are not optimistic about the prospect for a resolution in the short term."

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