BEIJING — China said Tuesday it would ''fight to the end'' and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
The Commerce Ministry said the U.S.‘s imposition of ''so-called ‘reciprocal tariffs''' on China is ''completely groundless and is a typical unilateral bullying practice.''
China, the world's second-largest economy, has announced retaliatory tariffs and the ministry hinted in its latest statement that more may be coming.
''The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,'' the ministry said.
''The U.S. threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the U.S. China will never accept this. If the U.S. insists on its own way, China will fight to the end," it added.
Analysts and traders worry about a global trade war
Trump's threat Monday of additional tariffs on China raised fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Stock markets from Tokyo to New York have become more unstable as the tariff war worsens.
Trump's threat came after China said it would retaliate against U.S. tariffs he announced last week.