China vows to retaliate, again, if U.S. issues additional tariffs

China's Commerce Ministry said Tuesday that the country will take strong countermeasures if the U.S. moves forward with its threat and issues fresh tariffs on $200 billion worth of Chinese goods.

Why it matters: The statement, posted on its website, comes after President Trump issued a second threat to China, warning the country not to retaliate to the administration's tariffs. China, again, is pushing back with their own threat. The Ministry's statement also cautioned that a trade war will hurt businesses and workers in both countries.