China’s Overseas Ministry on Tuesday vowed to “battle to the tip” and reply with countermeasures after President Donald Trump threatened to impose an extra 50% tariff on Chinese language items. The announcement has fueled fears of a deepening commerce warfare, with international markets—from Tokyo to New York—displaying elevated volatility. Trump’s newest warning follows China’s pledge to retaliate in opposition to U.S. tariffs introduced only a week earlier, elevating issues over the escalating financial battle.
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