China says it has no choice but to retaliate against latest US tariffs
Comments by China in response to the latest round of US tariffs
- Says to levy retaliatory tariffs simultaneously with the US
- US tariffs brings new uncertainties to negotiations between the two countries
- Hopes that US corrects its behaviour
There's a bit of a move in E-minis and Treasury yields on this and that has inadvertently dragged yen pairs and lower and provides some support for the dollar as well. China did not offer any details on the possible countermeasures though. As mentioned earlier here, it's not as straightforward for them to retaliate with tit-for-tat tariffs as they can't do so.