In response to new US tariffs, Chinese Foreign Ministry spokesperson Hua Chunying reiterated that China doesn’t want a trade war, but it isn’t afraid of fighting one. She added that China will take counter-measures if the US is bent on putting more tariffs.
Senior Chinese diplomat Wang Yi also warned “additional tariffs is definitely not a constructive way to resolve economic and trade frictions. Hu Xijin, editor-in-chief of the government backed hawkish Global Times newspaper, said “new tariffs will by no means bring closer a deal that the U.S. wants; it will only make it further away.”
At this point, it’s uncertain what retaliation China would take yet. Possible measures include banning export of rare earth, and penalties against US companies in China, tariffs on crude oil and aircrafts, formalizing the “unreliable entities”, etc.
