China warns Washington against 'trade war' after Bannon's get-tough call

US launches formal trade investigation into China

US launches formal trade investigation into China

China warned "there is no victor in a trade war" after President Trump's chief strategist called for taking a tougher economic stand against the country, according to a report on Thursday.

She said that a trade war between two of the world's superpowers does not serve the interests of any party because such a confrontation could not have a clear victor.

In a statement on Thursday, Chinese foreign ministry spokeswoman, Hua Chunying said both sides have benefited from trade.

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In an interview on Wednesday, Bannon told American news organization that China's ambition is in their literature.

Of late media reports have said that Bannon is pushing for a strong policy against China.

The Chief White House Strategist said the United States would take a strong action against China. And we have to be maniacally focused on that. We hope that relevant parties can stop viewing issues of the 21st century with a 19th- or 20th-century mentality.

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Eyewitnesses report hearing one or more gunshots, and seeing at least one person lying, apparently lifeless at Puutori. Finnish police said they have reinforced security at Helsinki Airport and train stations throughout the country.

Bannon also said in the apparently impromptu interview that there was "no military solution" to the North Korean nuclear threats and called the white nationalists who rallied in Virginia - provoking a storm of criticism for the president - "clowns".

He said there was no reason to go soft on China in order to get Beijing's support over North Korea because he believed China would do little more to rein in Pyongyang.

"Until somebody solves the part of the equation that shows me that 10 million people in Seoul don't die in the first 30 minutes from conventional weapons, I don't know what you're talking about". "For too long, this wealth has been drained from our country while Washington has done nothing-they never have done anything about it. Washington will turn a blind eye no longer".

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The Prime Minister also announced the launch of a special portal in honour of gallantry award winners. He said that if they did so, they could go a long way in furthering the cause of governance.

"The Democrats, the longer they talk about identity politics, I got 'em. I'm getting Susan Thornton [acting head of East Asian and Pacific Affairs] out at State", he said. "It's like, every day", Bannon said.

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