China has responded strongly to President Trump’s vow to increase tariffs, warning that Beijing is prepared for a trade or tariff war.
Trump revealed his plan to expand tariffs, including a 25% tax on imports from Mexico, Canada, and China, set to take effect on April 2. China retaliated, stating it is ready to fight until the end if the U.S. escalates tensions. Beijing denied involvement in the fentanyl crisis, calling Trump’s reasoning a “flimsy excuse” to increase tariffs. The tariffs, which could affect $2.2 trillion in trade, have sparked fears of a trade war, potentially stalling economic growth and raising costs for Americans. The U.S. and China are locked in a tense economic rivalry, with retaliatory measures already causing price hikes and trade disruptions.
