US and China high-tech industries will be affected by tariffs

State planner said on Friday the United States' tariffs on Chinese high-technology products will have an impact on high-tech industries in both countries.

US and China high-tech industries will be affected by tariffs
The U.S. tariffs on Chinese goods will ultimately impact U.S. companies, Ren said. (Image Credit: Twitter)
  • Country:
  • China

China's state planner said on Friday the United States' tariffs on Chinese high-technology products will have an impact on high-tech industries in both countries.

Ren Zhiwu, head of the high-tech department of the National Development and Reform Commission, told a news briefing that China will closely monitor the impact from U.S.-China trade frictions on high-tech industry and that China will stick to its innovation strategies.

The U.S. tariffs on Chinese goods will ultimately impact U.S. companies and buyers, Ren added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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