China says to 'take necessary measures' if US harms trade

| Mar 4, 2018, 10:47 IST
BEIJING: China will "take necessary measures" if the United States harms the country's economic interests, a Chinese official said on Sunday, as President Donald Trump plans to impose tariffs on steel and aluminium.

"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 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 and will take necessary measures," Zhang said in China's strongest reaction yet since Trump announced the levies on Friday.

President Xi Jinping's top economic aide, Liu He, met with US officials at the White House this week to discuss the fraught economic relationship.

Trump's announcement has sparked a flurry of counter threats from other nations, sparking fears that it will trigger a tit-for-tat trade conflict around the globe.

Trump has shrugged off the threat, boasting on Friday that "trade wars are good, and easy to win".

The Trump administration plans to impose 25 percent tariffs on steel imports and 10 percent on aluminum.

China has been in Trump's crosshairs over its trade practices 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.



Get latest news & live updates on the go on your pc with News App. Download The Times of India news app for your device. Read more World news in English and other languages.
RELATED

From the Web

More From The Times of India

From around the web

Google May Not Show You This, Enter Any Name

TruthFinder People Search Subscription

Quiz your mental wealth with these 10 questions

SunTrust

It's Like Ebay, but Everything Sells in 90 Seconds

Tophatter

More from The Times of India

Holi: India celebrates festival of colours

Politicos react to assembly election in northeast states

Janhvi couldn't be with mom Sridevi in her final moments

more from times of india News

ViewcommentsPost a comment

All Comments ()+

+
All CommentsYour Activity
Sort
Be the first one to review.
We have sent you a verification email. To verify, just follow the link in the message