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China warns of 'necessary response' in event of trade war with U.S.

Reuters  |  BEIJING 

By Ben BlanchardBEIJING (Reuters) - China will make a necessary response in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides.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. ...

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First Published: Thu, March 08 2018. 09:36 IST