US approach to trade could trigger domino effect, says China

The US trade measures on China were typical trade protectionism and reflected a Cold War attitude, ministry spokesman Gao Feng.

China’s commerce ministry said on Thursday the US approach on trade sets a bad precedent that could trigger a domino effect and the United States must stop its wrong actions and withdraw from its unilateralism.

The US trade measures on China were typical trade protectionism and reflected a Cold War attitude, ministry spokesman Gao Feng told a regular briefing. A US 301 probe on China was a blatant violation of World Trade Organization rules, Gao said.

China hoped the United States could take measures and resolve the conflicts through dialogue and hoped trade relations between the two countries could return to normal, Gao said.

He said China would take all possible steps to protect its interests and was confident in its ability to counter any trade and investment protectionism.

China does not want a trade war with the United States, but it won't accept any negotiations if they are hijacked unilaterally, China's commerce ministry said on Thursday.

Also Read | China considering to impose tariffs on US imports as trade war deepens

China's commerce ministry said last week that it may impose additional tariffs on up to USD 3 billion of US imports in response to US tariffs on Chinese steel and aluminium products.

The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on 120 products including steel pipes, dried fruit and wine, and later, a 25 percent tariff on pork and recycled aluminium.

(With inputs from Reuters)