China says U.S.-led trade war has become
biggest 'confidence killer' for world economy
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[July 18, 2018]
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
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.
Trump has also hit European metal imports with tariffs and has
threatened to curb car imports from Europe with a 20 percent duty.
"The U.S. trade war is not just with China but with the rest of the
world. By regarding the rest of the world as adversaries, the U.S. has
dragged the entire global economy into a place of danger," Hua said.
The European Commission last week cut its forecasts for the euro zone's
economic growth this year, saying the main causes for the revision were
trade tensions with the United States as well as higher oil prices.
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A container ship is shown at port in Long Beach, California, U.S.
July 16, 2018. REUTERS/Mike Blake
China's economy grew at a slower pace in the second quarter, data on
Monday showed, with Beijing's trade dispute with Washington
challenging the growth outlook for the world's second-biggest
"If the U.S. continues to be wilful, countries around the world will
only harden their resolve to hit back," Hua said.
(Reporting by Michael Martina; Writing by Ryan Woo; Editing by Sam
Holmes & Shri Navaratnam)
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