China says it will make necessary response in event of trade war with US
China’s foreign minister Wang Yi said on Thursday that China would make a necessary response in the event of a trade war with the United States but added that such a war would only harm all sides.
Speaking on the sidelines of an annual meeting of China’s parliament, Wang said China had no intention of displacing the United States and that the two countries did not have to be rivals but should strive to be partners.
U.S. President Donald Trump is expected to establish tariffs of 25 percent on imported steel and 10 percent on imported aluminium this week, but the White House has said there could be a 30-day exemption for Mexico and Canada and some other countries based on national security.
Such a move aims to counter cheap imports, especially from China, that Trump says undermine U.S. industry and jobs.
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