Reuters: China says trade war with U.S. will only bring disaster to global economy
BEIJING (Reuters) - Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth
After pressure from allies, the United States has opened the way for more exemptions from tariffs of 25 percent on steel imports and 10 percent on aluminum that U.S. President Donald Trump set last week.
On Saturday, the European Union and Japan urged the United States to grant them exemptions from metal import tariffs, with Tokyo calling for “calm-headed behavior.”
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WNU Editor: Not a positive speech from the Chinese Minister of Commerce on China-US Trade Relations. According to the minister .... the current U.S.-China trade imbalance is due to the U.S. not permitting exports of hi-tech products to China. He does not address China's history of not respecting patents, nor the national security concerns if this trade is permitted. Bottom line .... there is no willingness from China to compromise on the trade deficit issue, nor eliminate its own tariffs and protectionist measures.
More News On China Warning A Trade War With The U.S. Will Be A Disaster To The Global Economy
China says no to US trade war, but vows to defend interests -- AP
China says still talking with US on trade -- AFP
China: Trade war with US would be disastrous. -- DW
China says trade war with US will bring the world 'disaster' as countries prepare tariff response -- ABC News Online
Chinese commerce official: Trade war with U.S. would bring 'disaster to the world' -- The Hill
Beijing: 'No winners' in any trade war with US -- CNN
China Minister Says Trade War with US Would Be 'Disaster' -- VOA
No winners – only catastrophe – in a China-US trade war, Beijing says -- South China Morning Post
