Li: Global recovery at risk in trade conflict

No one will win a trade war, which will not only hurt enterprises from both sides but also the recovery of the world economy, Premier Li Keqiang said on Friday, hours after additional US tariffs on Chinese products kicked in and Beijing took immediate countermeasures.

Li made the remarks in Sofia, Bulgaria, while he and Bulgarian Prime Minister Boyko Borisov jointly met with the media.

When other countries take unilateral measures to levy additional tariffs on Chinese products, countermeasures will be taken to safeguard China's development interests as well as the authority and effectiveness of the World Trade Organization, Li said.