tariffs

China warned it was ready with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $ 100 billion of Chinese goods. China’s state media has rallied against the United States warning its trade protectionism actions would end in defeat and that the only option now was to hit the United States hard enough so it will “remember the pain”. 

Trump, in light of what he called China’s “unfair retaliation” against earlier U.S. trade actions, had upped the ante, escalating a tit-for-tat confrontation with potentially damaging consequences for the world’s two biggest economies. 

China’s Commerce Ministry spokesman, Gao Feng, calling the U.S. action “extremely mistaken” and unjustified, said the spat was a struggle between unilateralism and multilateralism and that no negotiations were likely in the current circumstances.China’s media, which is strictly controlled by the government, has come out in defense of the country, painting the country as a victim of an overly aggressive United States bent on taking illegitimate unilateral action.