Various uncertainties remain about the US’s latest tariff plan on Chinese imports, and China will take corresponding measures to reduce the negative impact, Chinese experts say.
The White House on Tuesday announced plans to place a further round of tariffs on 200 billion US dollars’ worth of Chinese imports, which would see a 10 percent levy charged on a list of goods published by the Office of the US Trade Representative (USTR).
The list of goods will be open to public comment until the end of August, with a public hearing on this latest round of tariffs to be held from August 20 to 23, according to the USTR.
“The US side will only take action after two months of public review processes, during which there will be all sorts of uncertainties, regarding whether the levies will take effect and what products will be affected,” said Ma Jun, chair of Tsinghua University’s Finance and Development Research Centre.
He believed that the Chinese government is conducting thorough researches on the trade war’s repercussions on relative companies and industries, and will take measures to lessen them.
Guan Tao, a senior financial researcher, also said there is no need to overestimate the influence of the new tariff plan on the financial market.
He said it might dampen the market mood for the moment, but will not change the fundamentals of China’s financial market in the long run.
