China’s CommerceMin Spokesman Gao: China to take retaliatory measures if US escalates trade war

China’s Commerce Ministry Spokesman Gao is reported by Reuters, as saying that there is no winner in a trade war.

Additional Comments:

Continuous trade war to hurt US economy, employment.

US ignoring China’s sovereignty and core interest can only backfire.

China to take retaliatory measures if US escalates trade war.

Future directions of trade talks depends on US.

Hopes US treats China’s white paper on trade seriously.

US ultimate pressure, escalation on trade tensions have caused serious setbacks to trade talks.

These comments come in response to the latest threat by the US President Trump, citing that tariffs on China could be raised by another $300 billion if necessary.