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A top Chinese official has warned a “trade war” would harm all sides but gave no indication of Beijing’s possible next move in a spiralling dispute with US President Donald Trump over steel and technology.

Speaking to global business leaders at an economic forum, Vice Premier Han Zheng appealed on Sunday for co-operation to make economic globalisation “beneficial for all.”

Han says, “a trade war serves the interests of none. It will only lead to serious consequences and negative impact”.

Han didn’t mention Trump by name but other Chinese officials have said Beijing is ready to defend its interests after the US president approved possible higher tariffs on Chinese goods in a dispute over its technology policy.

Beijing released a list of US goods it said might be hit by higher tariffs.