Singapore PM Lee: China's response to US tariffs has been careful

 Singapore PM Lee Hsien Loong was on the wires last hour, via Reuters, making a speech at the Boao Forum.

Key Headlines:

The US and China should avoid further escalation in trade tensions.

A trade war between US and China is far from inevitable.

The consequence for the world could be catastrophic if trade tensions between US and China rise.

Multilateral WTO system must hold up.

Trade disputes should be resolved in WTO framework.