"Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big. "We don't see this as a situation where, like in a zero-sum game, one party loses because another party wins. "Kooky 18th century protectionism will jack up prices on American families - and will prompt retaliation," he said in a tweet. "The United States is the world's biggest steel importer, buying 35.6 million tonnes in 2017. "China urges the United States to show restraint in using protective trade measures, respect multilateral trade rules, and make a positive contribution to international trade order," Chinese Foreign Ministry spokeswoman Hua Chunying said.

Source: Economic Times March 02, 2018 15:33 UTC