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China’s foreign ministry is out with a statement in response  to the Trump administrations latest threat to levy tariffs on an extra $200 billion worth of Chinese imports  and reiterated that it will take countermeasures in trade against the US.  

Key quotes:

     “¢    China’s position is very clear, doesn’t want to fight a trade war but will if it has to.
     “¢    China will protect its legitimate rights.
     “¢    China stands on the right side of history to protect multilateralism.
     “¢    Trade war hurts the interest of the global supply chain.