- Calling the actions "completely unacceptable," China's commerce ministry said it was "shocked" by the latest U.S. trade action and would complain to the WTO.
- It also vowed to retaliate with a "combination of quantitative and qualitative measures."
- Beijing imported $130B of U.S. goods last year, less than a third of the value of American imports from China, meaning in an all-out trade war, it would not be able to match the tariffs dollar by dollar.
- Shanghai -1.8%; Shenzhen -2%; ChiNext -1.8%
- Previously: Fresh shots in trade war slam futures (Jul. 10 2018)
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP-OLD, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: Has China Pegged The Gold Price To The Value Of SDRs?
Original article