China has said it will defend its interests on trade after US President Donald Trump backed tariffs on Chinese goods. According to China’s state-run Xinhua news agency, vice-premier Liu He, in a phone call to US Treasury Secretary Steven Mnuchin, today said China is ready and capable of safeguarding its national interests.
Liu also accused the US of violating international trade rules following its investigation into Chinese intellectual property practices.
Their call came after US President Donald Trump’s decision on Thursday to impose 25 percent tariffs on a broad range of imports from China.
Trump claims that the country’s trade practices violate US intellectual property rights.
Meanwhile, World Trade Organization Director General Roberto Azevedo has warned that new trade barriers would jeopardise the global economy.