China 'firmly opposes' latest US tariff action

Beijing says it's ready to fight back after Trump targets more imports

China is well prepared and will fight back immediately once the United States takes action based on its trade investigation into the country, the Ministry of Commerce warned on Friday as the world's two largest economies stood on the brink of a trade war.

The ministry's comments came after US President Donald Trump signed a memorandum on Thursday that could impose tariffs on up to $60 billion in imports from China and restrict Chinese investment in the United States.