China says it will not cave in if US proceeds with new tariff threat

Published 08/04/2025, 02:38
© Reuters.

Investing.com-- China has vowed to "fight to the end" if U.S. President Donald Trump moves ahead with his new threat of additional tariffs, escalating tensions in the ongoing trade dispute between the world's two largest economies.

The warning follows President Trump's recent threat to increase tariffs on Chinese imports by 50%, unless Beijing retracts its earlier 34% tariff hike on U.S. goods.

China's Ministry of Commerce stated that any further escalation by the U.S. would be met with resolute countermeasures aimed at protecting China’s national interests. 

“If the U.S. insists on its own way, China will fight to the end,” a ministry spokesperson said in a statement.

Trump's new tariff threats were "a mistake on top of a mistake", the spokesperson added.

The escalating rhetoric has unsettled global markets, with investors concerned about the potential impact on international trade and economic stability. Analysts warn that a full-scale trade war could disrupt supply chains and dampen global growth prospects.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.