China says still talking with US on trade

China’s commerce minister said yesterday that Beijing and Washington are still holding economic talks as he warned that a trade war would harm both nations, reports AFP from Beijige.

President Xi Jinping’s top economic advisor, Liu He, held trade discussions with US officials at the White House earlier this month but the meetings yielded few breakthroughs.

US President Donald Trump has since announced tariffs on steel and aluminium imports, drawing threats of retaliation from China and other nations.

“We are continuing our discussions,” Commerce Minister Zhong Shan said during a press conference held on the sidelines of the annual parliamentary session underway in Beijing.

“Because no one is willing to start a trade war, and everyone knows trade wars hurt others without helping themselves,” Zhong said.

That may not reflect the current mood in Washington. Last week, Trump tweeted the US could win a trade war.

Zhong also took issue with the statistics behind the trade imbalance—which showed a record $375.2 billion US deficit with China during Trump’s first year in office.

 

China says still talking with US on trade

Chinas commerce minister said yesterday that Beijing and Washington are still holding economic talks as he warned that a trade war would harm both nations, reports AFP from Beijige. President Xi Jinpings top economic advisor, Liu He, held trade discussions with US officials at the White House earlier this month but the meetings yielded few breakthroughs. US President Donald Trump has since announced tariffs on steel and aluminium imports, drawing threats of retaliation from China and other nations. We are continuing our discussions, Commerce Minister Zhong Shan said during a press conference held on the sidelines of the annual parliamentary session underway in Beijing. Because no one is willing to start a trade war, and everyone knows trade wars hurt others without helping themselves, Zhong said. That may not reflect the current mood in Washington. Last week, Trump tweeted the US could win a trade war. Zhong also took issue with the statistics behind the trade imbalancewhich showed a record $375.2 billion US deficit with China during Trumps first year in office.