'The sky won't fall': China plays down Trump tariff risks

China has played down the risk of damage to its exports from Donald Trump's tariffs, with an official saying the "the sky won't fall", as stock markets rose on Monday amid signs of a retreat on electronics restrictions. The world's second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. China has retaliated forcefully to Washington's tariffs, with 125% levies on US imports against the US's total of 145% border taxes on goods moving the other way. The trade war has prompted…