China says it does not want a trade war with U.S. but will respond if necessary

China warned Sunday that it was ready to hit back if the United...

China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fuelling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium.
Trump's announcement on Thursday sparked a flurry of counter-threats from other nations. But Washington's main trade rival had avoided any overt warnings of potential retaliation until now.

"China doesn't want a trade war with the United States," Zhang Yesui, spokesman for the National People's Congress, told a news conference on Sunday, the eve of the rubber-stamp parliament's annual session.

"But if the US takes actions that hurt Chinese interests, China will not sit idly by," Zhang said. An official English-language interpreter added the phrase, "and will take necessary measures".

Zhang warned that "policies informed by misjudgement or wrong perceptions will hurt relations and bring consequences no side wants to see".

Trump's announcement came as President Xi Jinping's top economic aide, Liu He, met US officials at the White House to discuss the fraught economic relationship.

During his visit, according to the official Xinhua news agency, Liu and his hosts "agreed that the two countries should settle their trade disputes by cooperation rather than confrontation".

Since announcing plans to impose a 25 percent tariff on steel imports and 10 percent on aluminium, Trump has shrugged off threats from other nations, boasting on Friday that "trade wars are good, and easy to win".

- Slowing world growth -

China has been the main target of Trump's anger over the US trade deficit since his presidential campaign, but its steel and aluminium exports to the United States are minimal.

While China is the world's largest steel producer, it accounts for less than one percent of US imports and sells only 10 percent of its wrought aluminium abroad.

Steel producers in Canada, Brazil, Mexico, South Korea and Turkey rely far more heavily on the US market.

"The American action to put sanctions on other countries' reasonable steel and aluminium exports in the name of harming national security is groundless," Chinese Foreign Minister Wang Yi said on Saturday.

Some US allies, like Canada and Australia, had hoped to be spared the tariffs. A major South Korean business lobby, the Federation of Korean Industries, said Sunday it sent letters to US Congress members and officials seeking an exemption.

A US official said Friday possible exemptions to the measures would be considered on a case-by-case basis.

Australia warned that a trade conflict could put the brakes on global economic growth.

"That's what concerns me, if we continue to see an escalation of rhetoric and, ultimately, action around tariffs applying for imports and exports across multiple economies... this will lead to a slowdown in growth," trade minister Steve Ciobo told Sky News Australia Sunday.

Trump ratcheted up the rhetoric on Saturday, threatening a tax on cars from the European Union if it takes retaliatory measures.

On Friday European Commission chief Jean-Claude Juncker said the EU was drawing up measures against leading US brands such as Levi's and Harley-Davidson.
Sponsored
Jumia Promo
Loading...
Name

5 Minutes Interview With Our Young Entrepreneurs,2,Aba,1,Abia State,10,Abuja,18,Abuse,5,Accident,16,Accra,1,ACF,1,Actors,17,Actress,62,Adamawa State,4,Afghanistan,5,Africa,59,Agriculture,5,Air Force,2,Airways,5,AIT,1,Akwa-Ibom State,9,Algeria,4,Algiers,1,Amnesty International,1,Anambra State,45,Animal,6,APC,68,APGA,4,Arab,2,Argentina,4,Arizona,1,Army,10,Arsenal,18,Artist,1,Asaba,1,Asia,16,Assassination,1,Assault,5,Astronaut,1,Athletes,1,Atletico Madrid,1,Attack,2,AU,2,Australia,1,Authors,7,Automobile,6,Awards,44,Babies,2,Bangladeshi,3,Barcelona,5,Bayelsa State,11,BB Africa,1,BB Naija,46,Beauty Contest,1,Beirut,1,Benue State,30,Biafra,35,Birth,7,Birthday,24,Bitcoins,1,Boat,1,Boko Haram,19,Borno State,14,Botswana,3,Boxing,7,Boys Scout,1,Brazil,8,Britain,2,Business,87,BVN,1,Calabar,4,California,3,Cameroon,4,Campus,4,CAN,4,Canada,14,Careers,15,Carnival,1,Catalonia,3,CBN,7,CCIS,1,Celebrations,105,Celebrities,492,celebrity,1,Central Africa,1,Ceremonies,1,Chad,1,Champions League,1,Charity,1,Chelsea,7,Chicago,1,Child Abuse,10,Children,4,China,21,Christianity,109,Christmas,8,CIA,1,CID,1,Climate,1,Clubs,1,Columbia,1,Comedians,2,Comedy,2,Commonwealth,2,Congo,3,Corruption,75,Cote D’Ivoire,2,Couples,72,Crime,253,Crisis,1,Cross-River State,11,Cultism,9,Culture,1,Custom,6,Cutist,1,Cyprus,1,Dancers,1,Dapchi,1,Death,147,Dedication,1,Delta State,8,Democratic Republic Of Congo,1,Dinner,1,Discover,4,Divorce,6,Dog,1,Donald Trump,1,Dortmund,1,Drugs,2,DSS,4,Dubai,4,Eathquakes,2,Ebola,1,Ebonyi State,9,Economy,58,ECOWAS,3,Edo State,14,Education,81,EFCC,50,Egypt,15,Ekiti State,12,Election,101,Electricity,3,Empowerment,1,England,9,English,1,Entertainment,378,Entrepreneurs,1,Enugu State,14,Enyimba,1,EPL,4,Erosion,1,Ethiopia,6,Europa League,1,Europe,10,European Union,2,Events,11,Everton,1,Exam Malpractice,5,Facebook,69,Fact,1,Families,69,Fashion,25,FBI,2,FC Cologne,1,FCT,4,Festivals,6,FG,14,FIFA,4,Finance,23,Fire,11,Flight,15,Florida,2,Football,79,Football transfer,1,Foreign,369,France,9,Frankfurt,1,Fraud,10,Freedom,1,French,1,Fuel,10,Fulani,15,Gabon,1,Gadgets,5,Gambia,2,Gambling,1,Games,1,Gay,1,Gaza,4,Germany,9,Ghana,40,Girls Scout,1,Gist,1,Gombe State,3,Google,1,government,2,Governor,3,Grammy,1,Guest Post,9,Hackers,1,Haiti,1,Halloween,6,Harare,2,Harmattan,1,Headies,1,Health,72,Herat,1,Herdsmen,2,Hilarious,109,History,1,Holidays,1,Hollywood,5,Hospitals,1,House Of Assembly,3,House Of Reps,7,Houthis,1,Human Rights,5,Hungary,2,Ibadan,2,Igbo,3,Ijaw,1,Ikeja,1,Illuminati,1,Immigration,3,Imo State,54,IMSU,14,India,16,Indianapolis,1,Indonesia,2,INEC,7,Inspirational,11,Instagram,128,Internet,9,INTERPOL,1,Interview,23,Inventions,1,INYC,1,iPhone,1,IPOB,21,Iran,13,Iraq,4,Ireland,1,ISIS,6,Islam,37,Israel,21,Issues,1048,Istanbul,1,Italy,9,Itsekiri,1,JAMB,6,Japan,3,Jerusalem,4,Jews,2,Jobs,4,Jos,1,Journalist,1,Judaism,2,Kaduna State,13,Kano State,6,Kashmir,2,Kastina State,5,Kebbi State,6,Kenya,17,Kidnap,32,Kitchen,1,Kogi State,9,Kumawood,1,Kuwait,2,Kwara State,4,La Liga,2,Ladies,1,Lagoon,3,Lagos State,136,Lebanon,5,Legal,132,Lekki,1,Lesbian,3,Liberia,12,Libya,22,Lifestyle,61,Lisbon,1,Liverpool,2,Local,502,London,6,Los Angeles,2,LUTH,1,Madrid,1,Maiduguri,2,Makurdi,1,Malaria,1,Malaysia,3,Manchester City,1,Manchester United,9,Manila,1,Marriage,5,MASSOB,1,Mauritian,1,Media,10,Mediterranean Sea,3,Men,1,Mexico,2,Miami,1,Michigan,1,Microsoft,1,Middle East,22,Militant,7,Military,53,Mississippi,1,MMM,1,Model,3,Modelling,2,Morocco,3,Moscow,3,Movies,6,Murder,7,Music,187,Musician,120,NAFDAC,3,Nairobi,1,NASA,1,Nasarawa State,2,Nature,4,NBC,1,NCAA,2,NDDC,1,NDLEA,1,NECO,1,Netherlands,1,New Delhi,2,New Music,48,New York,5,News,2076,NFF,1,Niger,2,Niger Delta,4,Niger Delta Avengers,2,Niger State,8,Nigeria,885,Nigeria Security and Civil Defence Corps,6,Nigerian Army,8,NNPC,9,Nollywood,47,North America,3,North Carolina,1,North Korea,5,Northern Ireland,1,NOUN,1,NSCDC,1,NTA,1,NUC,1,NURTW,1,Nutrition,4,NYSC,8,Oakland,1,OAU,1,Ogun State,6,Ohio,3,Oil,4,Oklahoma,1,Omoku,2,Ondo State,19,Onitsha,1,Ontario,1,Opinions,21,Oscars,1,Osogbo,1,Osun State,10,Ottawa,1,Owerri,20,Oyo State,6,Pakistan,5,Palestine,11,Panama,1,Paris,2,PDP,48,Pension,1,Petroleum,12,Philippines,4,Photography,4,Photos,447,Pinterest,2,Plane Crash,1,Plateau State,8,Plateau United,1,Poland,1,Police,92,Politician,184,Politics,534,Port-Harcourt,7,Portland,1,Portugal,1,Premier League,1,Presidency,41,Prison,25,Prison Break,4,Prisoner,15,Prostitution,2,Qatar,7,Quotes,1,Racism,2,Rape,28,Real Madrid,5,Reality TV,39,Relationship,111,Religion,160,Reports,1,Rivers State,31,Robbery,13,Rohingya,1,Roma,1,Romance,7,Romania,1,Rome,3,Royal,14,RSS,1,Russia,29,Rwanda,1,Rwandan,1,Sacramento,1,Samsung,1,SARS,24,Satanism,3,Saudi Arabia,17,Scam,2,Scammers,1,Scandals,2,Science,2,Scientists,1,SDP,1,Security,7,Seminars,1,Senate,42,Senator,20,Senegal,3,Seoul,1,Sex,3,Showbiz,48,Sierra Leone,1,Slavery,12,Smuggling,4,Snakes,1,Snapchat,15,Social Media,323,Sokoto State,3,Somalia,6,SON,1,South Africa,34,South Carolina,1,South Korea,5,South Sudan,1,Space,2,Spain,6,Sponsored,11,Sports,114,Spotlight,1,Strike,1,Stroke City,1,Students,4,Suicide,19,Super Eagles,3,Swaziland,1,Sweden,1,Swiss,1,Syria,29,Taiwan,1,Taliban,1,Tanzania,5,Taraba State,2,Tax,1,Technology,1,Teens,6,Tegucigalpa,1,Tennis,1,Terrorism,41,TESS,1,Texas,2,Thailand,4,Theft,2,Togo,4,Tokyo,1,Toronto,1,Tottenham,1,Trafficking,2,Travel,3,Turkey,8,Twins,5,Twitter,120,U.S.A,188,UAE,7,UEFA,1,Uganda,6,UK,38,Ukraine,2,UN,11,UNESCO,1,UNICEF,1,UNILAG,1,United Arab Emirates,3,United States of America,3,UNJSPF,1,UNN,1,UPP,1,USA,3,Uyo,1,Vacations,1,Vactican City,2,Vatican,1,Venezuela,2,Victory,1,Video,144,Violence,2,Viral pictures & Videos,1,VISA,1,WAEC,3,Washington,1,Water,5,Weapons,1,Weather,2,Wedding,43,Weekend,2,West Africa,5,West Brom,1,WhatsApp,5,WHO,6,Wildlife,1,Women,26,World Bank,2,World Cup,2,World Richest men,1,Writers,3,Yemen,1,Yenagoa,1,Yobe State,2,Yoruba,2,Youths,1,YouTube,56,Zambia,4,Zimbabwe,37,
ltr
item
Reporter 247: China says it does not want a trade war with U.S. but will respond if necessary
China says it does not want a trade war with U.S. but will respond if necessary
China warned Sunday that it was ready to hit back if the United...
https://4.bp.blogspot.com/-BydC3GV0wbE/WpwBWu879CI/AAAAAAAAeUE/riiUYz0Bj1sy6fsRUcxDee-Nxl8e6NO1gCLcBGAs/s400/DXc1zXuVQAIBSvE.jpg
https://4.bp.blogspot.com/-BydC3GV0wbE/WpwBWu879CI/AAAAAAAAeUE/riiUYz0Bj1sy6fsRUcxDee-Nxl8e6NO1gCLcBGAs/s72-c/DXc1zXuVQAIBSvE.jpg
Reporter 247
http://www.reporter247.org/2018/03/china-says-it-does-not-want-trade-war.html
http://www.reporter247.org/
http://www.reporter247.org/
http://www.reporter247.org/2018/03/china-says-it-does-not-want-trade-war.html
true
5246412718434376728
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy