Beijing — China warned on Sunday that it was ready to hit back if the US damaged its economic interests, fuelling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium. Trump’s announcement on Thursday sparked a flurry of counter-threats from other nations. But Washington’s main trade rival avoided any overt warnings of potential retaliation until now. "China doesn’t want a trade war with the US," Zhang Yesui, spokesman for the National People’s Congress, told reporters on Sunday, on the eve of the rubber-stamp parliament’s annual session. "But if the US takes actions that hurt Chinese interests, China will not sit idly by," Zhang said. An official English-language interpreter added the phrase, "and will take necessary measures". Zhang warned that "policies informed by misjudgment or wrong perceptions will hurt relations and bring consequences no side wants to see". Trump’s announcement came as Chinese President Xi Jinping’s top economic aide, Liu...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.