CNBC/Reuters: China says it does not want a trade war with US
China does not want a trade war with the United States but will defend its interests, a senior Chinese diplomat said on Sunday.
Won't sit by and watch as China's interests are damaged-minister
Trump last week unveiled plan for import duties on steel, aluminium
China does not want a trade war with the United States but will defend its interests, a senior Chinese diplomat said on Sunday, after U.S. President Donald Trump announced a plan to put tariffs on steel and aluminium imports.
Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, a day after he said he intended to put duties of 25 percent on steel imports and 10 percent on aluminium products.
Trade tensions between the world's two largest economies have risen since Trump took office in 2017, and although China only accounts for a small fraction of U.S. steel imports, its massive industry expansion has helped produce a global glut of steel that has driven down prices.
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Update: China ‘doesn’t want a trade war’ with US, as sides agree to more talks in Beijing soon (SCMP).
WNU Editor: China warns that they may still retaliate .... Trump trade war: China vows retaliation if tariffs bite (BBC). But realistically .... how can they when they are enjoying a $400 billion dollar trade surplus with the U.S.É
