China Vows To Fight ‘Till The End’ After Trump’s Latest Threat
China has responded strongly after US President Donald Trump threatened to hit Beijing with an extra 50% tariff if it doesn’t withdraw its retaliatory levy.
Beijing’s commerce ministry said it would never accept the “blackmail nature of the us” and vowed to “fight till the end”
Earlier, US President Donald Trump has threatened china with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall.
Beijing retaliated on Sunday, following last week’s decision by trump to slap a 34% tax on Chinese imports as part of his “liberation day” that set a minimum 10% levy on nearly all of America’s Trading Partners.
If trump acts on his threat, us companies could face a total rate of 104% on Chinese imports- as it comes on top of 20% tariffs already put in place in march and the 34% announced last week.
There are fears that this could deepen a trade war between the world’s two biggest economies and global rivals.
Courtesy: PTV
