President Trump has once again escalated tensions between the US and China by threatening to impose new tariffs on Chinese goods. In response to China’s retaliatory levy, Trump warned that an additional 50% tariff could be implemented if Beijing does not withdraw its countermeasure. This latest move has brought the two economic giants even closer to a full-blown trade war.
In a statement, Beijing’s commerce ministry accused the Trump administration of engaging in blackmail and described the tariffs as “a typical unilateral bullying practice.” China has vowed to “fight to the end” against these threats and has warned that trade wars have no winners.
The US president set a deadline for China to remove its countermeasure, with the ultimatum ending on Tuesday. If China does not comply, Trump has signaled that the 50% tax will be imposed.
The ongoing trade dispute between the US and China has raised concerns about the impact on global trade and economic stability. As tensions continue to escalate, it remains to be seen how these latest threats will impact the relationship between the two countries and the broader international trade landscape.
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