China's foreign ministry: Will take countermeasures in trade against US

Haresh Menghani FXStreet

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.

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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