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China Talks Tough on Trade War, Warns U.S. of Countermeasures

  • China economy czar says U.S.’s IP probe breaks trade rules
  • Ex-finance chief suggests hitting U.S. soybeans, autos, planes
Views of the Yangshan Free Trade Port as US-China Trade War Finally Arrives
Photographer: Qilai Shen/Bloomberg

Chinese officials and state media said the country will defend itself in a trade war, warning that President Donald Trump’s tariff plans could backfire on the United States.

Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a phone call that Washington’s investigation into alleged Chinese infringement of U.S. intellectual property violates international rules and will harm the interests of both countries, the official Xinhua News reported on Saturday.