‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally
By: The Guardian Posted On: April 14, 2025 View: 7

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

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