China Warns Against Trade War

China warns against trade war after banning North Korean imports

China pledges to halt iron, iron ore and seafood imports from North Korea, following through on new UN sanctions, the Foreign Ministry warns that there would be no winner in a trade war between the US and China.

In a related development, US president Donald Trump has stated there will be no winner in a ‘trade war’ between the US and China even as he ordered an inquiry into trade with China.