China returns to “fighting to the end” after Trump threatens an additional tariff by 50 %

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China has pledged to “fight to the end” if the United States continues to increase the threatened tariff, and trade tensions are escalating between the largest economists in the world.

The Ministry of Commerce said on Tuesday that it would split more if US President Donald Trump had a threat to impose a tax An additional tariff of 50 percent On Chinese goods.

A spokesman for the Ministry of Commerce said on Tuesday: “If the United States continues to implement these prior tariff measures, China will be taken firmly against counter -measures to protect its rights and interests,” said a spokesman for the Ministry of Trade on Tuesday. “If the United States insists on going in its own way, China will fight to the end.”

The threat of another wave of additional definitions will confirm the concerns that the most important economists in the world It was appointed to a solid separation.

The Trump tariff, which was already announced on April 2, threatens the markets and threatens the injury of Chinese exporters in particular, which led to the offering of measures to support the stock markets on Tuesday, with the purchase of the state -led money. Asian markets regained Earth on Tuesday.

S&P closed 0.2 percent, after wild fluctuations. The index threw more than 5 meters because Trump shocked commercial partners in the United States with global tariffs and “mutual” drawings, which led to warnings of fastest inflation and slower economic growth – or direct recession.

Beijing said it will get Irrigation of a tariff of 34 percent For American imports from Friday, it is scheduled to enter into force in the United States on Chinese goods. On Monday, Trump threatened to provide an additional 50 percent tariff for Chinese goods, a step that would reach our duties on Chinese imports to more than 120 percent through some estimates.

The ministry’s spokesman said: “The American threat to further escalation definitions is a mistake that doubles another mistake and once again exposes the forced nature of the American side.” “China will never accept this.”

Beijing has supported the threat of revenge by repairing the exchange rate of its currency, Renminbi, at 7.20 yuan per dollar – which is the lowest level since September 2023 – in a sign that can use consumption to compensate Trump’s tariff.

During the first Trump administration, Beijing left its currency to compensate for the impact of definitions. On Tuesday morning, Renminbi, which is circulating freely after the RMB7.35 threshold for every dollar for the first time since February.

The Chinese market rose on Tuesday after it maintained Big Fouls on Monday. The Hang Seng team jumped by 3 percent, as the Chinese companies listed in the region led, while CSI 300 rose on the mainland by 0.3 percent.

Financial organizers in China and state fund managers were weight on Tuesday with promises to support the country’s stock market. Central Huwain, a unit of the country’s sovereign wealth fund, said it “enjoy” wide liquidity and smooth financing channels “to play its role in” market stability “.

Central Huijin is one of several investors called the “national team” who work as a stabilization in the market in times of turmoil.

The Popular Bank of China added that it could support Central Huven’s liquidity using re -financing tools.

In a separate notice, the National Financial Organizational Administration in China said it would increase the percentage of insurance funds invested in the stock market.