China Commerce Ministry: Ready to take reciprocal action, of equal intensity and scale

Another escalation of the trade war now, China Ministry of Commerce to announce countermeasures soon

• China commerce ministry says resolutely opposes proposed US tariffs under section 301
• says China preparing to take reciprocal measures of equal intensity and scale
• Says china to announce countermeasures soon
• Says China has confidence, ability to face any unilateral trade measures by US.
• US tariff list not in interest of US and China, not good for global economy

Headlines via Reuters

Add these to the earlier news and comments:

• US issues list of Chinese products for tariffs, around $50bn of imports to be impacted
• China press (Xinhua): US list of China goods violates international trading rules
• China's US embassy: Unilateral, protectionist action violated principles & values of WTO