Beijing 4 Mar (ANA) - China has warned that it does not want a trade war with the US, but will not sit idly by if its economy is hurt.

 

Zhang Yesui, spokesperson for China's National People's Congress, made the comments amid controversy over Donald Trump's announcement of tariffs on steel and aluminium imports.

 

The US president has also threatened to impose a tax on EU-made cars, and earlier said "trade wars are good".  US trading partners, the IMF and the WTO have strongly criticised his moves.

 

 

Mr Trump has decried the "$800 Billion Dollar Yearly Trade Deficit because of our 'very stupid' trade deals and policies", and vowed to end it.

 

On Thursday, he said steel imports would face a 25% tariff and aluminium 10%. Then came Saturday's threat on EU-made cars.

 

The United States has an $ 800 Billion Dollar Yearly Trade Deficit because of our “very stupid” trade deals and policies. Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more!(ANA)

FA/ANA/4 March 2018-------