China shrugs off risk of US tariffs to financial system – NBC Los Angeles

What to Know

• China’s leaders are downplaying the potential affect from U.S. President Donald Trump’s commerce warfare, saying they’ve the capability to guard jobs and restrict harm from increased tariffs on Chinese language exports.
• Most main retailers together with Dwelling Depot, Walmart, and IKEA have vital ranges of imports from China.
• Tariffs imposed by President Donald Trump are anticipated to boost prices on merchandise for U.S. shoppers.