With trade war both US and China will suffer, must be avoided

London, April 12: Liu Xiaoming, the Chinese Ambassador to the United Kingdom, on Wednesday published a signed article in a major British newspaper, saying that "the United States has announced successive protectionist tariffs pursuant to its domestic law, forcing China to take counter-measures."The so-called "investigations" under legislation, such as section 301 of the US Trade Act of 1974, risk igniting a trade war between the world s two biggest economies, Liu said in the article carried by The Guardian newspaper. "But a trade war, which would be unpopular, damaging and anachronistic, should and can be avoided," he said."There would be no winner in a trade war," the Chinese ambassador said, "If the Trump administration, by announcing unilateral protectionist measures, believe there could be, it must be suffering the damaging after-effects of the years in which it had a hegemonic mindset. It must also be suffering from historical amnesia."