A trade war between China and the United States will only cause pain to both sides, China’s commerce minister warned over the weekend.
“A trade war would not benefit either country or either country’s people, you could say it would have no advantage whatsoever,” Zhong Shan said in Beijing on Saturday, Reuters reports.
“Many American and western friends think that China can’t live without the United States but that’s only half true,” Zhong was quoted as saying on the sidelines of China’s annual parliament session.
The “United States can’t live without China”, the minister said, noting that in the past ten years, the growth of US exports to China has outpaced the growth of Chinese exports to the United States.
Zhong said he looks forward to meeting his US counterpart Wilbur Ross.
Billionaire investor Ross was sworn in as US commerce secretary in February after helping shape President Donald Trump’s opposition to multilateral trade deals.
He is expected to start work on renegotiating trade relationships with China and Mexico.
“I am aware that Mr. Ross is an outstanding businessman and an experienced negotiator, an excellent person,” Zhong said on Saturday.
“I am willing to deal with excellent people because excellent people play the long game and think strategically.”
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