Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday, if Beijing does not withdraw the 34% tariff it imposed on U.S. products last week.

Summary

China vowed to “fight to the end” after Donald Trump threatened a 50% hike on tariffs if Beijing doesn’t reverse its recent 34% tariff on American goods.

China’s Commerce Ministry condemned the move as “a mistake on top of a mistake” and pledged countermeasures.

Trump’s new tariffs raise total U.S. duties on China to 65%, risking a 1.5–2% GDP hit for China.

Beijing signaled readiness for escalation, devalued the yuan to its weakest level since 2023, and warned of broader retaliation including export controls and trade blacklisting.