Ambassador urges end to trade war

WASHINGTON: China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence, while warning that China stands ready to retaliate in the escalating trade war.

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Speaking at a public event in Washington on Saturday — details of which were posted on the Chinese embassy's website — Mr Xie said tariffs would devastate the global economy and draw a parallel between the Great Depression and the tariffs imposed by the US in 1930.

Referring to concepts in traditional Chinese medicine, such as the need to balance the opposing forces of yin and yang, Mr Xie said harmony should guide relations between the world's two largest economies.