China says protectionist Trump may limit growth of its exports
[BEIJING] US President Donald Trump may limit the growth of China's exports by imposing greater trade protectionist measures, China's customs agency said on Friday.
China is the biggest loser in the anti-globalisation trend, customs spokesman Huang Songping told reporters, adding it will be difficult for China's foreign trade to improve in 2017 due to rising costs and other factors.
The challenges China faces in trade are not short-term but its economy can handle them, he said, adding he hopes that US-China trade cooperation will continue.
China, the world's largest trading nation, could be heavily exposed to protectionist measures this year if Mr Trump follows through on campaign pledges to brand it a currency manipulator and impose heavy tariffs on imports of Chinese goods.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators
US weekly jobless claims unchanged at low levels
China's central bank signals caution over credit boost as demand weakens