China asks Trump to desist from trade and currency wars

Warning US President Donald Trump to desist from initiating "trade wars" or acting on his poll pledges of hiking tariffs against Chinese goods and declaring Beijing as currency manipulator, China on Tuesday said that both counties will suffer from such moves.

"People are following US policies closely. We hope US policies are good for domestic stability and prosperity," Chinese Foreign ministry spokesperson, Hua Chunying told a media briefing here responding to questions on whether Beijing is worried about Trump's rhetoric on acting against its burgeoning trade with the US.

"We have made our position very clear in the past few days. Economic ties are win win in nature. Trade war have no winners and harms the interests of both sides.