China says stable trade and business development with US will benefit both nations

BEIJING (Reuters) – A stable and sustainable development trend on trade and business matters between China and the United States will benefit both nations, China’s Vice Commerce Minister Wang Shouwen said on Friday.

Wang, responding to a question about a potential tariff hit from U.S. President-elect Donald Trump, said China would be able to “resolve and resist” the impact of external shocks.

Tariffs imposed by other countries will impact consumers of the importers, pushing up inflation, he said at a news conference.