After Trump loudly threatened to hit China with an additional $100 billion in tariffs, the Chinese have vowed to fight the U.S. ‘at any cost.’
Beijing says it will tax $50 billion of US products, which will hurt the American economy and slow growth.
China will dedicate itself to the end and at any cost and will definitely fight back firmly’ if the U.S. persists in its ‘protectionism,’ the ministry said in a statement.
This is shaping up to be the biggest trade battle since WW II. Predictably, the global markets have tanked as Trump ramps up a trade war with China. Hunker down.
Featured cartoon by Scott Stantis.