China isn't doing much to cool concerns about a trade war with the United States. "China is not afraid of and will not recoil from a trade war." The statement from the Chinese embassy said Trump's trade action was "self-defeating" and would hurt American companies, consumers and financial markets. Fears of a trade war between the world's two largest economies rocked the stock market on Thursday. Trump administration officials say fears of a trade war are overblown.

Source: CNN March 22, 2018 21:45 UTC