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The US commerce secretary Wilbur Ross, speaking to CNBC this Tuesday, said that the purpose of new US tariffs is to modify China’s behaviour.

Key quotes:

   “¢   US tariffs on Chinese goods were carefully thought through.
   “¢   Officials sought to put tariffs on Chinese items with least disruption to consumers.
   “¢   Tariffs are seen as having minimal impact on inflation.
   “¢   The US is trying to give China incentive for constructive, near-term talks.
   “¢   It is up to China to decide whether or when there will be more dialogue.

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