Trade war with U.S. would bring disaster, says Chinese minister

A worker stands in a steel workshop in Zouping in China's eastern Shandong province on March 10

A worker stands in a steel workshop in Zouping in China's eastern Shandong province on March 10

"Any trade war would not create winners and it would only bring disastrous results" for China, the United States and the rest of the world, Zhong said at a press conference on the sidelines of the National People's Congress, China's parliament.

Trump said in February that China is "killing us in trade".

He further pointed out that different statistical methods widen the USA trade deficit with China by around 20 percent, citing a research comparing the trade figures of China and U.S. "However, we are capable of handling any challenge, and we resolutely defend the interest of the country and the people".

China accounts for only a small fraction of United States steel imports, but its massive industrial expansion has helped create a global glut of steel that has lowered prices.

Maharashtra farmers stir: Fadnavis forms panel
He had led the farmers' strike previous year which led to the blocking of milk and vegetable supplies to the cities for few days. Many farmers leaders said that it should not be considered as a communist protest as it is for the betterment of the farmers.

He noted that China's top economic adviser Liu He visited the USA recently and held "candid and constructive" talks with American officials on bilateral trade issues. China is not one of those nations. -China trade deficit by $100 billion.

The main channel of dialogue on trade between the two nations, the Comprehensive Economic Dialogue, has been put on hold over U.S. frustration over a lack of progress.

More than 150,000 buyers from home and overseas are expected at the event, he said.

"We are still in talks, and we are sure that both sides will continue to talk about the next step", he added.

President Trump getting Washington military parade, but no tanks
Officials said they are anxious about the possible damage that non-wheeled vehicles could infict upon Washington streets. CNN reports the Joint Staff will plan the parade and Northern Command will execute it.

Trump "clarity" on tariff not what EU was looking for Hours after European Union (EU) trade chief Cecilia Malmstrom said she had "no immediate clarity" on whether the bloc will be let off the hook from planned United States tariffs, Trump laid down his conditions and repeated a threat if they're not met.

Trump's response came after Malmstrom on Twitter described what she called "frank" but fruitless talks with US Trade Representative Robert Lighthizer in Brussels last Saturday.

Zhong also said he plans to meet with Japanese Economy, Trade and Industry Minister Hiroshige Seko to discuss trade and investment issues.

The CIIE is a public platform for global trade development, he said.

Georgia Fires Head Coach Mark Fox
However, Hagans announced that he was reclassifying to the 2018 class and re-opening his recruitment two weeks ago. After nine seasons as Bulldogs head coach, Mark Fox has been fired by Georgia according to ESPN's Jeff Goodman .

On Thursday, Trump announced he was ordering the imposition of a 25 percent tariff on steel imports and 10 percent tariff on aluminum, but indicated certain countries might be exempted.

Latest News