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China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs (apnews.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.

The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a typical unilateral bullying practice.”

China, the world’s second-largest economy, has taken retaliatory tariffs and the ministry hinted in its latest statement that more may be coming.

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[–] [email protected] 3 points 2 weeks ago

China could add a 50% to 104% export tarriff on everything so that the only Iphones available in the US are from AliExpress at $4000. Tariff on software licenses would tank Microsoft stock too.