China not backing down as fresh US tariff threat pushes tensions to the brink
Source: Reuters
BEIJING, April 8 (Reuters) - China vowed on Tuesday to "fight to the end" if President Donald Trump follows through on a threatened 50% tariff hike, rejecting calls to drop its countermeasures and setting the stage for a high-stakes standoff between the world's top two economies.
If neither side backs down, total new U.S. levies on Chinese goods this year could rise to 104% by Wednesday, putting pressure on Beijing to respond as Chinese President Xi Jinping prepares to meet Spanish Prime Minister Pedro Sanchez ahead of a tour of Southeast Asia with global supply chains in jeopardy.
But with Trump's previous tariff increases already squeezing Chinese exporters' margins to the point of suffocation, further hikes would only serve to underscore Washington's appetite for brinkmanship and its desire to cut China out of the world's biggest consumer market as a matter of principle, analysts say.
"The U.S. side's threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side's blackmailing nature," China's commerce ministry said in a statement.
Read more: https://www.reuters.com/world/china-says-it-will-never-accept-us-blackmail-escalated-tariff-threats-2025-04-08/

Bernardo de La Paz
(54,867 posts)Mucus built a factory in China for global export, and in US for US consumption.
Or they could put a 104% matching reciprocal export tax on the parts exported to the US that are needed in his swasticar factory.
Justice matters.
(8,307 posts)And stop buying any new one...
Meaning they can just stop financing the US deficits, which would force the Central Bank to print, print, print...
Hello HYPERINFLATION ... depression.
usonian
(17,255 posts)Unfortunately about half the U.S. is clueless.
There are two ways they can take him down (and probably the U.S. with him)
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20215296