China vows countermeasures if US puts new tariffs on Chinese goods

CNC
Added On August 24, 2019

China's Commerce Ministry says that the country would have to take countermeasures if the United States imposes new additional tariffs on Chinese goods.
 
The response came on Thursday after the United States threatened an additional tariff of 10 percent on about 300 billion U.S. dollars of Chinese imports.
 
China's position is consistent and clear.
 
Ministry of Commerce spokesman Gao Feng told a press conference that "Trade wars produce no winners. China does not want a trade war, but it is not afraid of one, and it will fight one if necessary."
 
He said, "If the United States acts arbitrarily, China will have to take countermeasures."
 
The spokesman added that the tariff measures will damage the interests of both China and the United States, and may also have a recessionary impact on the global economy.
 
Gao expressed the hope that the U.S. side would stop its erroneous practice of imposing tariffs, meet halfway with China, and find a solution to the problem based on equality and mutual respect.
 
He said that the U.S. move would pose certain challenges to China's exports and economy, but the impact is fully controllable in general.
 
Gao added that "The Chinese side is confident, determined and capable of meeting various challenges and maintaining the sound and stable development of its economy and foreign trade."