China's Economic Planner Meets With Trina Solar, Didi, Goertek Amid US Tariff Concerns

China's National Development and Reform Commission (NDRC) met with private business leaders Tuesday to discuss ways to support the sector and address concerns about additional US tariffs.

China's top economic planning agency held talks with executives from firms including ride-hailing firm Didi Chuxing, acoustic components maker Goertek (SHE:002241) and solar power company Trina Solar (SHA:688599) to gather feedback on economic development and strategies for responding to US trade challenges.

At the meeting, NDRC Chairman Zheng Shanjie told business leaders the commission will improve its regular communication channels with private companies to better understand their concerns and help them overcome obstacles.

The NDRC said the business leaders believe that they are prepared for the additional tariffs imposed by the US.

The Trump administration imposed a 104% tariff on Chinese goods, effective Wednesday. That was after the US president imposed a 34% tariff on Chinese goods imports, bringing the total tariff on China to 54%.

China hit back with a 34% levy on all US imports, effective Thursday, prompting Trump to add more duties on China.

China's Commerce Ministry had said that it will take countermeasures against the US's threat of additional tariffs on Chinese goods.