China’s government said Tuesday it will “resolutely take countermeasures” if President Trump carries out his threat to impose an extra 50% tariff on Chinese goods, Axios reports.
In a sign that the trade war with Beijing will not end any time soon, the Chinese Commerce Ministry said in a statement carried by state media: “China will fight until the end if the U.S. side is bent on going down the wrong path.”
Playbook: “The big — if unsurprising — news out of Beijing last night was that the Chinese government is not backing down in its escalating standoff with Trump. China responded to last week’s ‘Liberation Day’ announcement with new trade barriers of its own — further enraging the U.S. president and triggering a threat of even bigger tariffs on Chinese goods. But Beijing is refusing to budge, and this could all get real messy, real fast.”
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