BEIJING — China’s Vice Premier Ding Xuexiang warned there are “no winners” in the trade war as the world’s second-largest economy faces the possibility of tariffs under the incoming Donald Trump administration.

“There is no way out for protectionism. (There are no winners in trade wars,” Ding Junhui said in a speech at the World Economic Forum in Davos, Switzerland, on Tuesday, according to an official English translation.

At the beginning of his speech, the Vice Premier mainly mentioned the President of China Xi Jinping’s 2017 Davos speech, Just days before Trump heads to the White House to begin his first term in office.

After taking office for the second time on Monday, Trump said the United States could impose tariffs on Mexico and Canada as soon as February. As for ChinaUpon his return, the U.S. president said the tariffs could be a way to put pressure on the U.S. to force Beijing-based ByteDance to sell TikTok, whose future availability in the U.S. is now in question.

“If we want to make a deal with TikTok and it’s a good deal and China isn’t going to approve it, then I think they will eventually approve it because we’re going to put tariffs on China,” Trump said. “I’m not saying I’ll do it, but you can definitely do it.”

Ding said this was his second time attending the Davos forum and he is one of China’s four vice prime ministers. China Economy in trouble Consumption is sluggish and real estate is sluggish. Despite this, the country GDP officially increased by 5% After a series of stimulus policies were released in late September last year.

This breaking news story is being updated.