Deputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s economic ‘resilience’ in face of external shocks.

Wang noted that China’s total foreign trade including imports and exports reached 36 trillion yuan (nearly $5 trillion) in January-October, up about 5% from the same period of 2023.

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.

China's commerce ministry on Thursday announced a series of policy measures aimed at boosting the country's foreign trade, including pledging to strengthen financing support to firms and expand exports of agricultural products.