
China’s leaders have shrugged off the potential impact from U.S. President Donald Trump’s trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports. Several senior officials of different government ministries sought to shore up confidence with promises of support for companies and the unemployed, easier lending conditions and other policies to counter the impact of combined tariffs of up to 145% on U.S. imports from China. The briefing Monday followed a meeting of China’s powerful Politburo last week that analysts said had focused on ways to counter slowing exports due to higher costs in the all-important U.S. market.