China does not want to enter in a war with the USA, as it would have devastating consequences for world's economy. Zhong Shan, Commerce Minister of the People's Republic of China, said it during the session of the National People's Congress, Reuters reports.
"There will be no winners in the trade war, it will cause disaster for China, USA and the whole world," the Minister said.
Besides, he stressed, that China is ready to take any measures to protect its interests.
Washington and Beijing continue conducting negotiations now.
As we reported earlier, new tariffs on aluminium import were adopted in the USA this week. Increased tariffs triggered an enormous controversy in the international community, the European Union and Japan demanded exceptions for themselves.