New York Times: China Vows Retaliation if Trump Engages in Trade War
BEIJING — China pledged Thursday to hit back at the United States if it sets off a trade war, issuing its strongest threat yet as President Trump prepares to impose more tariffs against China.
The White House is hours away from putting into effect sweeping steel and aluminum tariffs on its trading partners that have caused an international outcry. But more worrying to China are separate trade sanctions that Mr. Trump could impose under an investigation into China’s intellectual property practices. Hundreds of Chinese companies could be singled out in that process, known as a Section 301 investigation.
Speaking on the sidelines of the annual meeting of China’s legislature, Foreign Minister Wang Yi said, “History has shown that fighting a trade war has never been a correct way to solve a problem.”
“Especially given today’s globalization, choosing a trade war is a mistaken prescription,” Mr. Wang said. “The outcome will only be harmful. China would have to make a justified and necessary response.”
He did not elaborate on the measures that Beijing might take. But he urged the United States to “sit down peacefully” to constructively discuss finding a mutually beneficial solution.
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WNU Editor: China's exports continue to rise .... China's exports surged at the fastest pace in 3 years (CNBC). More here .... China's February exports surge, trade surplus widens (ABC News)
More News On China Warning The U.S. That They Will Retaliate In The Event Of A Trade War
China promises 'necessary response' to US tariffs as trade war fears grow -- The Guardian
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China's rise 'unstoppable' and it will protect its interests: minister -- Sydney Morning Herald
China says it will make necessary response in event of trade war with US -- CNBC
Trade wars 'harm the initiator': China's foreign minister just fired a warning shot at the US over Trump's tariffs -- Business Insider
