Ryan Petersen said a lot of what Americans buy from China is "discretionary spend" — optional items that can be replaced if they become expensive.

By Kevin Yao BEIJING (Reuters) -Chinese policymakers on Monday sought to assuage concerns the broad U.S. tariffs could derail efforts to shore up a fragile economic recovery, even as analysts warn the hefty levies raise the risk of a sharp downturn in growth.

President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.