China MOFCOM: China does not want to fight a trade war but is not afraid of one
|Chinese Ministry of Commerce (MOFCOM) was out with a statement in the last hour, reiterating that it will take countermeasures if US tariffs take effect and that China does not want to fight a trade war but is not afraid of one.
Additional quotes:
- China to take countermeasures if the US implements new tariffs.
- The US to bear all consequences of new tariffs.
- Hope the US can rectify its mistakes as soon as possible.
- Hopes China-USS can resolve trade disputes based on equality and mutual respect.
- Hopes the US to return to the right track.
- US escalation of the trade spat to hurt the global economy.
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