Beijing declared it would “fight to the end” after US President Donald Trump threatened to impose an additional 50% in tariffs on all Chinese imports. The trade war between the world’s two largest economies intensified, with both sides showing little inclination to negotiate.
Trump had already announced new tariffs last Wednesday, including 34% import levies on Chinese goods. In response, China imposed 34% tariffs on US goods two days later. On Monday, Trump warned of more tariffs if China does not withdraw its retaliatory tariffs.
