China promises 'necessary response' to US tariffs as trade war fears grow

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Foreign minister Wang Yi warns that the only outcome from Trump’s protectionist measures will be ‘harmful’

The prospect of a trade war between China and the United States has increased after Beijing’s foreign minister said it would make a “necessary response” in the event of Donald Trump introducing punitive tariffs on steel and aluminium imports.

The US president was expected to approve the 25% levy on steel and 10% on aluminium imports this week, possibly as early as Thursday.

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China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!

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Source: china
Link : China promises ‘necessary response’ to US tariffs as trade war fears grow

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