US President Donald Trump is expected to enact tariffs of 25 percent on steel imports and 10 percent on aluminum imports this week, but the White House has said there could be a 30-day exemption for Mexico and Canada and other countries in terms of national security.
This measure aims to counteract the cheap imports, especially from China, which Trump says are damaging to the industry and jobs in the United States.
Wang, speaking at an annual meeting of the Chinese Parliament, said that China and the United States should not be rivals, and that history shows that trade wars are not the right way to solve problems.
“Especially given today’s globalization, choosing a trade war is a wrong prescription, the result will only be detrimental,” Wang said. “China would have to adopt a justified and necessary response,” he added.
Wang said China has a long way to go on its modernization path, and that “it will not have and will not need to displace the United States.”