Overview

• President Trump has proposed an additional 50% tariff on Chinese imports if Beijing does not withdraw its retaliatory tariffs.
• China's Commerce Ministry condemned the U.S. move as 'blackmail' and called it a 'mistake on top of a mistake.'
• Beijing reiterated its stance that its retaliatory measures are legitimate and aimed at protecting sovereignty and international trade order.
• Chinese officials warned they would take 'resolute countermeasures' to safeguard their rights and interests if the U.S. continues its tariff escalation.
• The escalating trade dispute underscores growing tensions between the two nations, with China declaring it will 'fight to the end' to defend its position.