China has to take counter measures against....>

CHINA: China has to take counter measures against US tariff action to "initiate

the largest scale trade war in economic history," China Ministry of Commerce

said Friday, while neither China nor the U.S. has officially announced the

implementation of the tariff threat. 

- According to a statement on the its website, the ministry iterated China will

not "fire the first shot" - not start imposing tariffs on the U.S. before the

States does; 

- The U.S. tariff action is "typical trade bullying" and seriously damages the

integrity of global industrial value chains, harming companies and consumers:

MOFCOM; 

- China will defend the free trade system and multilateralism, stick to

deepening reform, further open up, and strengthen intellectual property

protection.