Early Friday, China's Commerce Ministry announced tariffs on $3 billion worth of U.S. pork, aluminum scrap, apples, steel pipe, wine, ethanol, and other goods, saying President Trump's tariffs on imported steel and aluminum are "typical unilateralism and protectionism" and set a "very bad precedent." "China does not want to fight a trade war, but it is absolutely not afraid of a trade war," the Commerce Ministry said.