The U.S. is opening fire not only on....>

CHINA PRESS: The U.S. is opening fire not only on targeted countries, but also

on itself, said Financial News, citing Guo Shuqing, chairman of the China

Banking and Insurance Regulatory Commission, as $340 billion in tariffs are set

to take effect. China's foreign trade does not fully rely on one country; if the

list takes effect on July 6th, the tariffs will hit both Chinese enterprises and

foreign enterprises, including American ones, Guo stressed. The escalating trade

tensions will not result in further depreciation of the yuan as the Chinese

economy has strong fundamentals, Guo noted. China will continue along current

trends and continue to reform and further open up, Guo promised.