Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies looms

Summary

China vowed to “fight to the end” after Trump threatened a 50% tariff increase if Beijing doesn’t reverse its 34% retaliatory tariff.

China’s commerce ministry accused the U.S. of “blackmail” and promised countermeasures, escalating the ongoing trade war.

Trump’s initial tariffs, ranging from 10%-50%, triggered global market turmoil. Chinese state media condemned the U.S. approach as “naked extortion.”

Tensions remain high as the EU and Taiwan also face tariffs and prepare responses. Analysts warn both powers are locked in a high-stakes economic standoff.