China doesn’t want a trade war with the United States and will not start one, but can handle any related challenges and will defend national and Chinese people’s interest, Minister of Commerce Zhong Shan said on Sunday.
Trade wars leave no winners, only disastrous outcomes for the two countries and rest of the world, Minister Zhong said on the sideline of the first session of the 13th National People’s Congress, according to Xinhua News Agency report.
The U.S side formally declared to impose 25 per cent tariffs on steel imports and 10 per cent on aluminum Thursday, with initial exemption for Canada and Mexico, saying such results could be made for other countries trough negotiations.
While China and Vietnam, main exporters of steel and aluminum to the U.S, face unavoidably.
China’s trade surplus with the US grew 13 per cent year on year to 1.87 trillion yuan last year.
Source: Lao News Agency