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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.