Comments by Chinese finance minister Liu Kun
- Will try not to hurt foreign businesses in China with its counter-measures
- To increase fiscal spending to support workers hurt by trade frictions
Liu made the above comments in an interview with Reuters. He also said that the impact of the trade frictions between US and China have been small but is concerned about potential job losses and lost livelihoods moving forward.
When asked about tariffs retaliation, he said that China 'will respond with precision'. Yup, sure looks like this is going to drag on further.
