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U.S. threats to hike tariffs will.......>

CHINA PRESS
CHINA PRESS: U.S. threats to hike tariffs will only dampen China's GDP by less
than 1% because the contribution of exports has been declining, Global Times
said in an editorial on Friday. The worst case scenario after US tariff hikes
was that 8% of Chinese exports may need to find new destinations, the newspaper
said citing unnamed economists. Half of this 8% was likely to find new channels,
meaning that only 4% of Chinese exports will be affected. Global Times said it
was difficult for additional US tariffs on Chinese goods to last for more than a
year, because one-fifth of U.S. imports are from China.
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