Trade war has no winners, China’s vice premier warns, as Trump threatens tariffs

BEIJING — Chinese language Vice Premier Ding Xuexiang warned there are “no winners” in a commerce struggle, because the world’s second-largest economic system faces the potential of tariffs beneath the freshly-inaugurated administration of Donald Trump.

Ding made his feedback throughout a Tuesday speech on the World Financial Discussion board in Davos, Switzerland, in line with an official English translation.

Ding, who stated he was attending Davos for the second time, is considered one of China’s 4 vice premiers. China economy has struggled with lackluster consumption and an actual property droop. Regardless of this, the nation’s GDP officially grew by 5% final yr after a flurry of stimulus bulletins beginning in late September.

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