U.S. President Donald Trump said on Saturday that his strategy of placing steep tariffs on imports of goods from China is "working far better than anyone ever anticipated."
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The Chinese government's top diplomat, State Councillor Wang Yi, said on Saturday the response by Beijing to U.S. trade measures were necessary and legitimate, a day after announcing retaliatory tariffs on $60 billion worth of U.S. goods.
Jet Airways CEO Vinay Dube on Friday, August 3, said that the carrier wasn't facing issues and was consistently taking up several measures to cut costs without affecting the employees.
Chinese currency and equities have been hit hard this year following the trade spat with the US and efforts by the government to check a slowing economy and cut debt.
The commerce ministry, in a statement, said timing of the implementation of the new tariffs on U.S. goods will depend on the actions of the United States.