Trade war, will only bring disaster to global economy: China

Beijing, (Reuters),11 March 2018 -  Any trade war with the United States will only bring disaster to the world economy, Chinese commerce minister Zhong Shan said on Sunday, as Beijing stepped up its criticism onproposed metals tariffs by Washington amid fears it could shatter global growth  
After pressure from allies, the United States has opened the way for more exemptions from tariffs of 25% on steel imports and 10% on aluminium that US President Donald Trump set last week.   On Saturday, the European Union and Japan urged the United States to grant them exemptions from metal import tariffs, with Tokyo calling for “calm-headed behaviour.”  

But the target of Trump’s ire is China, whose capacity expansions have helped add to global surpluses of steel. China has repeatedly vowed to defend its “legitimate rights and interests” if targeted by US trade actions.