China commerce ministry issued a statement on the US threat to escalate tariffs on China

The US threatens to escalate tariffs on China, “which is a mistake on top of a mistake”

China will never accept the “blackmail nature” of the US

China urges the United States to immediately rectify its ‘wrong practices’, cancel all unilateral tariff measures against China

Firmly opposes and will take countermeasures if the U.S. enacts additional 50% tariffs.

If the U.S. side is bent on having its own way, the Chinese side will follow it to the end

Source: Forex Live