U.S. Tariffs Won't Force China to Back Down, Trade Minister Says

The U.S. shouldn’t believe that ever higher tariffs can induce China’s government to capitulate to American demands in the escalating trade dispute between the world’s biggest economies, according to Chinese Commerce Minister Zhong Shan.

"There is a view in the U.S. that so long as the U.S. keeps increasing tariffs, China will back down,” Zhong said in a written statement to Bloomberg. “The U.S. should not underestimate China’s resolve and will.”