China says U.S.-led trade war has become biggest 'confidence killer' for world economy
Source: Reuters
JULY 18, 2018 / 4:17 AM / UPDATED 4 HOURS AGO
BEIJING (Reuters) - The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be “wilful”.
Foreign ministry spokeswoman Hua Chunying told reporters at a regular press briefing that the United States is fabricating all kinds of justifications for its trade actions, including that of national security.
Earlier this month the United States and China slapped tariffs on $34 billion of each other’s imports in an escalating trade tussle that has roiled financial markets.
U.S. President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans.
Read more: https://www.reuters.com/article/us-usa-trade-china-formin/china-foreign-ministry-says-trade-war-has-become-biggest-confidence-killer-for-world-economy-idUSKBN1K80RD
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