“The lessons of the Great Depression should not be forgotten,” Wang Yi told the United Nations General Assembly in New York.
“Tariffs and provocation of trade disputes, which upset global industrial and supply chains, serve to undermine the multilateral trading regime and global economic and trade order,” he said.
“They may even plunge the world into recession,” the foreign minister added.
His comments come amid an intense showdown with US President Donald Trump, who has slapped tariffs on the world’s second-largest economy over what he calls unfair practices and intellectual property theft.
“China will never be (cowed) by threats or subdued by pressure,” Wang said in clear reference to the trade row. (AFP)