China: Don't fear a trade war with the US - TDS

In response to Trump tariffs, waging trade war, China said it doesn't fear a trade war with the US and has revealed its opening gambit, which includes plans for reciprocal tariffs on US$3bn of imports from the US in the first response to President Trump's levies order on Chinese metal exports, notes the research team at TDS.

Key Quotes

“The move came across as measured and cautious. The products which China has imposed tariffs on US are, US pork imports, recycled aluminum, steel pipes, fruits and wine. China will also seek legal action against the US at the World Trade Organization in response to the US planned tariffs, and called for dialog to resolve the dispute.”