Trade friction 'jeopardizes' global market

Beijing clarifies position on economic ties with Washington in white paper

Economic and trade friction provoked by Washington has damaged the interests of both China and the United States and has jeopardized the world economy, a Chinese government white paper said.

The US government's hefty tariffs on Chinese goods has impeded two-way trade and investment cooperation between the two countries and undermined global market confidence and economic stability, the paper said.