China shrugs off threat of US tariffs to economy – NBC Los Angeles

What to Know

• China’s leaders are downplaying the potential impact from U.S. President Donald Trump’s trade war, saying they have the capacity to protect jobs and limit damage from higher tariffs on Chinese exports.
• Most major retailers including Home Depot, Walmart, and IKEA have significant levels of imports from China.
• Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers.