China will respond as necessary 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. Such a move aims to counter cheap imports, especially from China, that Trump says undermine US industry and jobs. “Especially given today’s globalization, choosing a trade war is a mistaken prescription. “On paper, China has more to lose from a trade war – it exports far more to the US than it imports. That left it with a trade surplus of $33.74 billion for the month, and a January-February trade surplus with the United States of $42.92 billion.
Source: Dhaka Tribune March 08, 2018 05:37 UTC