Don’t go too far in damaging moves, China tells US

China’s top diplomat Wang Yi has asked US Secretary of State Mike Pompeo not to go “too far” in its “damaging moves” against the Chinese interests, saying that both countries will benefit from cooperation and lose from conflicts.

State Councillor and Foreign Minister Wang held a telephonic conversation with Pompeo on Saturday, days after US President Donald Trump signed an executive order barring American companies from installing the foreign-made telecom equipment posing a national security threat, a move apparently aimed at banning Huawei from US networks.

Beijing has warned of retaliation against the order that effectively barred Chinese telecom giant Huawei from the US market.

The world’s top two economies are locked in a trade battle that has seen mounting tariffs, sparking fears that the conflict could damage the global economy.