China vows ‘fight to the end’ after Trump threatens extra 50% tariff

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China has promised to “fight to the end,” if the United States is ahead of threatening tariffs, the tension between the two largest economies in the world is growing.

The Ministry of Commerce said on Tuesday that it will respond later if US President Donald Trump will make his threat to his threat An additional 50 percent tariff on Chinese goods.

“If the United States stems to the implementation of these sharp tariff events, China will resolutely take counterfeit to defend its own rights and interests,” said the ministry’s spokesman. “If the United States insists on its way, China will fight to the end.”

Another channel threat to additional tariffs will end fear that the two most important economies in the world Set for a hard decayA number

On April 2, Trump Tariffs have already been deviated from markets and threatening to hit Chinese exporters, particularly hard, leading Beijing on Tuesday. Tuesday Asian markets have recovered the land.

The S & P 500 was closed by 0.2 percent after the wild swings. The list is more than 5TN shed, as Trump shocked US trading partners with universal tariffs and “mutual” charges, faster inflation and slow decline warnings.

Beijing said it would be forced 34% tariffs From the US import on Friday, one day of the US charges will take effect on Chinese goods. On Monday, the victory threatened to introduce an additional 50 percent of Chinese goods, a step, which would provide us with more than 120 percent of Chinese imports.

“The US threat, further tariffs, is an error that is complicated by another mistake, and once again reveals the nature of the coercion of the United States,” the ministry spokesman said. “China will never accept it.”

Beijing copies the threat of revenge by fixing its currency exchange rate, RMB7.20 per dollar, the lowest in September 2023, with a sign that can use emigration compensation Trump Tariffs:A number

During the first Trump’s first management, Beijing will stop the decline in his foreign exchange to compensate the impact of tariffs. Offshore Renmin on Tuesday morning trading, which has been freely traded, has been easier in front of a dollar for the first time since February.

On Tuesday, China’s markets have risen after a big drop on Monday. Hang Seng jumped by 3%, higher than Chinese companies listed in the whole area, and continental CSI 300 rose by 0.3 percent.

On Tuesday, China’s financial regulators and the heads of the State Foundation were considered to support the country’s stock exchange. A subdivision of the country’s sovereign wealth fund said that “great liquidity and smooth funds” to play the role of “market stabilizer”.

Central Huijin is one of the so-called “national team” investors, which opens as market stabilizers during tolerance.

The China People’s Bank added that it can support the liquidity of the Central Huijin with refinancing tools.

In special notice, the National Financial Administration of China has announced that it will raise the share of insurance funds invested on the stock exchange.