Why U.S. tariffs won't change the big picture of China’s economy

China's foreign ministry says it will take steps against the latest tariff threats from the United States. Spokesperson Lin Jian said China will fight until the end if the US continues escalating tariffs. Amid U.S. global tariff hikes, Beijing has released a white paper outlining its stance on key economic and trade issues with Washington. What does the U.S. tariff policy mean for the global…