China and Japan, two major U.S. trading partners, are also the top two foreign holders of Treasuries with a combined holdings of $2.25 trillion in December.
BEIJING: China does not want a trade war with the United States, Zhang Yesui, a spokesman for the Chinese parliament, said on Sunday at a briefing ahead of China's annual session of parliament, which begins this week.
China has said that it will take measures to safeguard its interests after U.S. President Donald Trump announced on Thursday that he would impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminium to protect U.S.-based producers. - Reuters
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