US should consider tariff impact on its economy

Yu Yongding, a researcher at the Institute of World Economics and Politics of the CASS, suggested that the Chinese government should not rush to make any promises to the US, as the Trump administration has not yet figured out what it really needs.

"China and the US once reached a consensus but the US ruined it. It is hard to say what good the tariff policy can do to the US economy, and it may hurt itself more than China," Yu said. "There is no need to rush to a conclusion on how the trade and economic ties would be in the future as the trade friction will remain a long-term issue."