A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers.

Wang Shouwen, the China international trade representative and vice minister of commerce, clearly stated on November 22 that China is capable of resolving and withstanding the impact of external shocks.

A commerce official says that not only will U.S. tariff hikes backfire, but that China's economy would be able to weather the impact.

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

China's economy has demonstrated strong resilience, great potential and vitality, and the country is capable of resisting the impact of external shocks. Tariffs will only lead to high costs for consumers,