Beijing is still short on details on how it will respond to new U.S. tariffs on Chinese goods.
"If the U.S. obstinately clings to its own way, China has no choice but to take corresponding countermeasures," Ministry of Commerce Spokesman Gao Feng said Thursday in Mandarin, according to a CNBC translation. "The U.S. should change its wrong actions."
Gao's wording echoed the little official commentary that has come out on the U.S. tariffs. The Ministry of Finance said last week on its website, citing a person from the Customs Tariff Commission of the State Council, that China will have to take "necessary countermeasures," according to a CNBC translation.On Thursday, Gao declined to provide specifics on an "unreliable entities list" or whether it would be used as a countermeasure to U.S. actions on trade.
China has previously threatened to use the country's dominance in the global production of rare earths — used in many consumer electronics — as a tool in the trade war. Another point of leverage is China's position as one of the largest buyers of U.S. agricultural products.
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