If the U.S. goes through with an additional $100 billion in tariffs, China will not hesitate to fight back and is already prepared to, the Ministry of Commerce said.  “We will immediately fight back with a major response,” the representative said during a Chinese-language briefing with reporters Friday in Beijing. “We have no other choice.””We feel America is very arrogant. They have taken a wrong action. The result

is that they will hurt themselves. If they release the list of $100 billion tariffs, China is prepared. And will not hesitate,” he added. U.S. President Donald Trump said late Thursday he instructed the United States Trade Representative to consider $100 billion in additional tariffs against China. Stock index futures fell sharply after the news, with Dow futures off more than 200 points, on fears of retaliation by China. “We believe this is a battle between unilateralism and multilateralism, a fight between protectionism and free trade,” the Chinese Ministry of Commerce representative said.  READ MORE