Tags: AS | China | US | Tariffs

China Minister Says Trade war with US Would be 'disastrous'

China Minister Says Trade war with US Would be 'disastrous'

Saturday, 10 March 2018 10:38 PM EST

BEIJING (AP) — China says it will not initiate a "disastrous" trade war with the United States, but is vowing to defend its national interests in the face of growing American protectionism.

The statement made by China's Minister of Commerce Zhong Shan on Sunday is the latest response to President Donald Trump's plan to impose heavy tariffs on imported steel and aluminum.

Chinese leaders have threatened in the past to retaliate against raised trade barriers, but have yet to take direct action following Trump's announcement.

Zhong said at a briefing during a meeting of China's ceremonial legislature that the U.S. has been overstating its trade deficit with China by about 20 percent every year. The commerce minister also blamed the trade imbalance in part on controls over U.S. high-tech exports to China.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China says it will not initiate a "disastrous" trade war with the United States, but is vowing to defend its national interests in the face of growing American protectionism.The statement made by China's Minister of Commerce Zhong Shan on Sunday is the latest response to...
AS,China,US,Tariffs
131
2018-38-10
Saturday, 10 March 2018 10:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved