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Al Jazeera
Al Jazeera
Politics
Al Jazeera Staff

‘Fight to the end’: Are the US and China rushing into a trade war?

This photograph taken on April 7, 2025 shows a stock chart and index displayed on a smartphone in Brussels, as traders reacted to the US president's sweeping tariffs. European stock futures tumbled as Donald Trump refused to back down on sweeping tariffs, after China retaliated in an escalating trade war [Nicolas TUCAT/AFP]

China and the United States are locked in an escalating war of words backed by threats of new tariffs before key deadlines that are threatening to plunge an already unsettled global economy into an even deeper crisis.

US President Donald Trump’s “Liberation Day” tariff impositions last Thursday saw China slapped with higher tariffs on its US exports and a minimum of 10 percent levied on all other countries exporting to the US. The announcements threw the global stock market into chaos as investor confidence fell across the world.

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