China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.
on Saturday: "The United States is paying the price for launching a trade war, as China is forced to announce the levy of new additional tariffs on U.S. goods."
"Through more than a year of trade friction between the two countries, China never faltered," said the state news organization. "When the U.S. side tried to intensify trade bullying and exert maximum pressure on China, it only strengthened China's resolve, making China stand more firmly against the U.S. bullying, and defend its legitimate rights and interests," Xinhua added., and urged American firms to start "bringing your companies HOME and making your products in the USA."
Xinhua said any discussion of severing ties between U.S. and Chinese companies was "ridiculous at best." "Companies from both countries have been ambassadors for positive changes to the two economies," Xinhua reported.
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