China: We would fight a trade war 'to the end'
China isn't doing much to cool concerns about a trade war with the United States.
"China would fight to the end to defend its own legitimate interests with all necessary measures," China's embassy in Washington said in a statement late Thursday. "China is not afraid of and will not recoil from a trade war."
President Trump announced earlier that his administration would impose tariffs on $50 billion of Chinese exports to the United States to retaliate against Chinese theft of intellectual property, including software and patents. The administration will also restrict Chinese investment in the United States.
China: We would fight a trade war 'to the end' - Mar. 22, 2018
Dow plunges 724 points as trade war fears rock Wall Street
Trade war fears rocked Wall Street on Thursday after President Trump launched a crackdown on China.
The Dow plummeted 724 points, or 2.9%, underlining mounting concerns among investors about looming tariffs on China. It was the fifth-largest point decline in history and the market's worst day since the extreme turmoil of early February.
Dow plunges 724 points as trade war fears rock Wall Street - Mar. 22, 2018