China says not afraid of trade war, will defend its interests

Chinese embassy (in Washington) statement

  • Strongly opposes Trump's tariff plan for Chinese imports
  • Readying plan to deal with
  • Does not want a trade war but will not recoil from one

Anyone think China was ever gonna put up with this rubbish? Nope

The more this brews, the more negative for the AUD and the risk in general

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