Minister Warns of Global Trade Impact as China Hits Back at US Tariffs

China has responded to Donald Trump with a message. The Asian superpower is imposing an additional 34 percent tariff on American goods.

This is a very, very unfortunate situation that has been started and implemented by the American administration, says Minister for International Development Cooperation and Trade Benjamin Dousa (M) to TT and continues:

This is clear evidence that there are no winners here. We will all be losers.

According to Dousa, what is happening will have far-reaching and unpredictable consequences for world trade and the economy.

Is this a trade war we're seeing?

The USA is heading in that direction. It's important that we now stand up for the rule-based trade structures and protect trade with other countries. We want to avoid a trade war at all costs, he says.