China warns of the trade war with the US

5 2016 shows crew members of China's South Sea Fleet taking part in a drill in the Xisha Islands or the Paracel Islands in the South China Sea

China warns of the trade war with the US

"This proves that China's proposal of suspension for suspension was the right prescription for the problem and created basic conditions for the improvement of inter-Korean relations", Wang said.

Speaking on the sidelines of an annual meeting of China's parliament, Mr Wang said some outside forces were trying to muddy the waters in the disputed region.

"The China Iron & Steel Association (CISA) appeals for the Chinese government to take resolute measures against imports of some US products including stainless steel, galvanized sheet, seamless pipe, coal, agriculture products and electronic products", the industry body said in a statement on its website.

Trump's declaration coincided with the signing by 11 countries of a new Trans-Pacific trade pact that the United States withdrew from a year ago.

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Trade data released by China's customs administration on Thursday shows its massive trade surplus with the USA -the root of Trump's ire-is far from finding a more even level.

The Trump administration has launched an investigation into the theft of American intellectual property by China, and the president is expected to place new tariffs on foreign-made steel and aluminum imports, moves that have prompted talk of a trade war. "We can not allow this to happen as it has for many years!"

The dispute has fuelled concerns that soybeans, the United States' most valuable export to the world's second largest economy, might be caught up in the trade actions after Beijing launched a probe into imports of US sorghum, a grain used in animal feed and liquor.

India's steel ministry said in a note to the trade ministry last month that USA import tariffs were expected to lead to a loss of US$130 million in exports which were expected to total 333,656 tonnes for the year ending on March 31. Trump tweeted hours before Wang took the stage in Beijing. Trump tweeted hours before Wang took the stage in Beijing.

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The movement is not aimed only at China, but nobody escapes that Beijing can be one of main goals of protectionist darts of Trump in future considering that Asian giant is biggest responsible for bulky deficit American commercial. We must act soon!

According to Reuters, diplomatic and U.S. business sources say the United States has all but frozen a formal mechanism for talks on commercial disputes with China because it is not satisfied it has met its promises to ease market restrictions.

Major Asian nations reacted sharply to U.S. President Donald Trump's decision to impose tariffs on steel and aluminium imports on Friday, warning of damage to relations amid industry calls for retaliation.

China's trade performance rebounded in 2017 and logged a strong start this year thanks to robust demand at home and overseas.

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