A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration
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China is well prepared to handle any negative effects from its trade dispute with the United States, the Commerce Ministry said on Thursday, adding that Beijing's tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.In the latest escalations in the widening trade row, the U.S. said this week it had banned American companies from selling parts to Chinese telecom equipment-maker ZTE for seven years, while China on Tuesday announced hefty anti-dumping tariffs on imports of U.S. sorghum and measures on synthetic rubber imports from the U.S., EU and Singapore on Thursday.
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