China MOFCOM: China does not want a trade war

Headlines are crossing the wires from the Chinese Commerce Ministry (MOFCOM) on the US-China trade conflict.

Key Points:

The US-China trade conflict is caused by the US.

China does not want a trade war.

But China is not afraid of one after the call for additional $100 bn tariffs by the US.

Will take new comprehensive measures to safeguard interests.

Will monitor further moves from the US after the announcement earlier.