At a regular press conference on Monday, Chinese Foreign Ministry spokesperson Lin Jian stated that if the United States continues on its current path, China will firmly take all necessary measures to protect its legitimate rights and interests. He emphasized that China strongly urges Washington to immediately cease its improper actions, and calls on the United States to adhere to the principles of equality, respect, and mutual benefit.
This statement followed a threat made by U.S. President Donald Trump on Friday to impose an additional 100% tariff on Chinese goods starting November 1. 
The market reaction was not globally negative. Sentiment remains supported by easing concerns over an escalation in the trade conflict between the world's two largest economies — the U.S. and China. At the same time, the U.S. dollar has partially recovered from Friday's losses, while Dow Jones futures show a confident intraday gain of more than 1%.
