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China pledges to ‘battle to the finish’ should Trump increase tariffs to 104%


China has responded strongly to President Donald Trump’s threat of imposing an additional 50% tariff on Chinese goods, stating that it will “fight to the end” if the plan is fully implemented. This move comes as many countries are rushing to negotiate trade deals with the United States. The total tariffs on goods imported from China into the U.S. could potentially reach 104% if Trump’s plan is enforced.

In retaliation for the levies on Chinese goods announced by the Trump administration, China had previously imposed a 34% tariff on all U.S. goods. Trump threatened the new 50% duty on China as of Wednesday if Beijing does not remove its tariffs by Tuesday. The Chinese Commerce Ministry firmly opposes Trump’s tariff threats, calling its countermeasures against the U.S. justified.

China has urged the U.S. to cancel all unilateral tariff measures and resolve trade disputes through dialogue, emphasizing that pressure and threats are not the correct way to deal with China. Chinese state-backed funds have pledged to stabilize local markets amid heightened tensions over Trump’s tariffs. Beijing has stated that it will resolutely take countermeasures to safeguard its own interests. Despite Trump’s offer to reduce tariffs if China approves a deal on TikTok’s U.S. operations, China has backed out due to the additional tariffs imposed by the U.S. last week. The standoff between the two countries continues, with China signaling its willingness to respond to any escalation in tariffs suggested by Trump.

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www.nbcnews.com

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