Beijing Responds To Trumps Tariff Threat

(CNBC) Chinas foreign ministry pushed back against President Donald Trumps latest tariff threat on Friday reportedly saying the worlds largest economy should give up its illusions shoulder some responsibility and come back to the right track on resolving the trade war. Chinas spokesperson at the foreign ministry Hua Chunying said at a daily press briefing that Beijing would have to take countermeasures if the U.S. was committed to putting more tariffs on Chinese goods Reuters reported. She added that while China did not want a trade war with the U.S. it was not afraid of fighting one. In a series of tweets on Thursday Trump announced another round of tariffs on the roughly $300 billion of Chinese goods that had not already been targeted by American levies. The charge will take effect from September 1st.