China-US Trade Tensions: Chinese FM: US wrong to pick China as target
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Chinese Foreign Minister Wang Yi has said the US made a mistake by choosing China as its trade sanction target. He made the comments at a press conference in Moscow.
WANG YI CHINESE FOREIGN MINISTER "The US has forced China to strike back with a large-scale tariff increase. The countermeasure is the legitimate self-defense for China as a sovereign state, and also an action to maintain the global trade system based on rules. The Chinese and US economies have been deeply interrelated with both sides' interests highly intertwined. The US is wrong by attempting to benefit from protectionism. Both China and the US are the world's major countries who should respect each other and treat each other as equals. The US is wrong again in picking China as its target of trade sanctions."
Wang Yi also noted that world trade is still fragile as global economy recovers, and that it's not wise to challenge other countries into trade wars. He called on the international community to boycott unilateralism and economic hegemony, and to protect the order of the world economy.