China Vows To “Attack” Trump Tariffs “To The End At Any Cost”, Urges EU To Join Fight Against US

by Tyler Durden
ZeroHedge.com
Fri, 04/06/2018

Update: During a scheduled press briefing, the Chinese envoy just said the European Union and China “must act together” to counter US protectionism.

It appears to have reminded the machines to stop buying the dip…

China has responded to President Trump’s calls for an additional $100 billion in tariffs, saying that it would counter U.S. protectionism “to the end, and at any cost.”

>”The Chinese side will follow suit to the end and at any cost, and will firmly attack, using new comprehensive countermeasures, to firmly defend the interest of the nation and its people,” the Commerce Ministry said in a statement on its website on Friday.

“We don’t want a trade war, but we are not afraid of one.”

President Trump’s decision to push for a more trade tariffs may well be the tipping point for the US dollar as global reserve currency since it leaves Beijing with limited tit-for-tat retaliation… forcing the cornered nation to ‘get creative’.

The Rest…HERE

This entry was posted on Friday, April 6th, 2018 at 12:24 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.