#XRPETF US-CHINA TRADE WAR HAS A HIGH POSSIBILITY OF NEW MOVES BEYOND MEANINGLESS NUMBERS

China will not pay attention to the "meaningless numbers game" with the US after some exported items here face cumulative tariffs of up to 245%.

The Chinese Ministry of Commerce believes this move has "blatantly exposed the US's absurd use of tariffs as a weapon." The country will not fear a prolonged trade conflict; the US needs to proceed on the basis of mutual respect and equality.

Washington has stated that Trump is willing to make a trade deal, but China must be the one to make the first move, emphasizing that "China needs America's money."