China’s Commerce Ministry was out with a statement in the last hour saying that China is fully prepared to defend its interest and has determination/capacity to do so.
Key quotes:
“¢ China opposes unilaterally imposed tariffs.
“¢ Hopes that the US can resolve problems through dialogue instead of unilateral steps.
“¢ There is no winner in a trade war.
“¢ If the US implements tariffs, China will take necessary countermeasures.
“¢ Trade delegation has already left Beijing and Vice Premier Liu’s visit shows China’s sincerity.
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