China says it's willing to resolve the trade war with a 'calm attitude,' hints it won't retaliate for now

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China says it's willing to resolve the trade war with a 'calm attitude,' hints it won't retaliate for now
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China said it's willing to resolve the trade war with a 'calm attitude' earlier this week.

"China has plenty of means for counter measures, but under current situation, the question that should be discussed right now is about removing the U.S.' new tariffs on $550 billion Chinese goods to prevent escalation of the trade war," Gao said.on $250 billion in Chinese goods to 30% from 25% and increase tariffs on another $300 billion in products to 15% from 10%, in response to Chinese retaliation.

Tensions between the world's two-largest economies escalated late last week and into the weekend with each country announcing plans to increase tariffs on billions of dollars' worth of goods from the other.

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