China MOFCOM: “Hopes the US will pull back from the brink”, as Trump unveils tariff plans

Dhwani Mehta FXStreet

The Chinese Commerce Ministry (MOFCOM) urged the US administration to withdraw its plans to impose up to $ 60 billion tariffs on the Chinese goods in a statement released on Friday, Reuter’s reports.

Key Quotes:

“China doesn’t hope to be in a trade war, but is not afraid of engaging in one.”

“China hopes the United States will pull back from the brink, make prudent decisions, and avoid dragging bilateral trade relations to a dangerous place.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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