China MOFCOM: China does not want to fight a trade war but is not afraid of one

Haresh Menghani FXStreet

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.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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