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International Business Times

Business

China Shrugs Off New Trump Tariffs But Bruising Trade War Looms

China Donald Trump United States Beijing Zhiwei Zhang Economy

Cars waiting to be exported from a port in Lianyungang in east China's Jiangsu province (Credit: AFP)

Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.

The US President on Saturday announced sweeping measures against major trade partners, with goods from China facing an additional 10 percent tariff on top of the duties they already endure.

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