China’s Commerce Ministry: If US implements tariffs, China will take necessary countermeasures

China’s Commerce Ministry was out with a statement in the last hour saying that China is fully prepared to defend its interest and has determination/capacity to do so.

Key quotes: 

   •  China opposes unilaterally imposed tariffs.
   •  Hopes that the US can resolve problems through dialogue instead of unilateral steps.
   •  There is no winner in a trade war.
   •  If the US implements tariffs, China will take necessary countermeasures.
   •  Trade delegation has already left Beijing and Vice Premier Liu's visit shows China's sincerity.