China warns Trump trade sanctions threaten global economy

BEIJING: US trade sanctions will hit the world economy, Beijing warned on Wednesday, after President Donald Trump threatened to impose fresh tariffs on imports from China.

Trump said he was “considering all options,” including tariffs and quotas, after he accused China of decimating the American steel and aluminium industries.

Washington has already imposed a range of tariffs on Chinese-made goods, sparking fears of a tit-for-tat trade war between the world’s top two economies as China also threatens to take action.

Foreign ministry spokesman Geng Shuang told reporters that “any sign of unilateralism or protectionism will … worsen global trade issues and will hurt the recovering momentum of the world economy”.

He added that with the sheer volume of trade and integration between the US and Chinese economies, some friction was natural.

However, “China always regards the US as an important cooperation partner in trade and economy, and…

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