China’s commerce ministry, said the U.S. approach on trade sets a bad precedent that could trigger a domino effect, so the United States must stop its wrong actions and withdraw from its unilateralism. Ministry spokesman Gao Feng also told the U.S. trade measures on China were typical trade protectionism and reflected a Cold War attitude. “The malicious practices of the United States are like opening Pandora’s Box, and there is a danger of triggering a chain reaction that will spread the virus of trade protectionism across the globe” the spokesman added.
China in fact would take all possible steps to protect its interests and was confident in its ability to counter any trade and investment protectionism. Itcould target a broad range of U.S. businesses from agriculture to aircraft, autos, semiconductors and even services if the trade conflict escalates.
