Trade wars called self-defeating, harmful to everyone involved

A trade war is self-defeating as well as harmful to others, and it is meaningless to discuss who suffers more, a Foreign Ministry spokesman said on Friday.

Geng Shuang spoke after remarks were reported in the United States that the US will suffer less than China from trade tensions.

"They are under pressure to make a deal with us," US President Donald Trump tweeted in reference to China on Thursday. "Our markets are surging, theirs are collapsing."