China says it “will fight until the end” after Trump threatens 50% additional prices

The Chinese Ministry of Commerce said that it “resolutely opposes” “the threat of US President Donald Trump to include prices and has promised to take countermeasures to protect his own rights and interests.

The comments occurred after Trump said that he would impose an additional 50% right on US imports from China on Wednesday, if Beijing did not withdraw the 34% rate he imposed on American products last week.

“The American threat of intensifying prices on China is an error in addition to an error,” the statement said, according to a translation of the CNBC. “China will never accept it. If the United States insists on its own way, China will fight until the end.”

Last Friday, the Chinese finance ministry announced 34% of additional prices on all goods imported from the United States, from April 10, in retaliation for Trump imposing new 34% samples on China. The prices at the top of the edge followed two previous cycles of prices from 10% to 15%, mainly targeting agricultural and energy products imported from the United States

The prices of 34% of Trump on China were at the top of 20% of the rights deployed since February, which bears the total of new prices this year on China at 54%.

The Banque Populaire de China set the median point rate for the Yuan Oshore at 7.2038 for the dollar on Tuesday, the lowest level since September 2023, according to information on the data provider. The Yuan is authorized to negotiate in a band of 2% of this median point rate.

As part of the large reprisal measures, Beijing also placed export borders on key elements of rare earths, prohibited exports of dual -use items to a dozen American entities, mainly in the defense and aerospace industries, and put 11 other American companies to its “unreliable list of entities”, subjecting them to wider restrictions while operating China.