As countries around the globe grapple with the fact they are now in an involuntary trade war with the world’s largest economy, China is maintaining an approach of calm defiance to U.S. President Donald Trump’s continuing threats.
After Mr. Trump’s “Liberation Day” tariffs prompted Beijing to impose a reciprocal 34-per-cent levy on U.S. imports, leading Mr. Trump on Monday to threaten an additional 50-per-cent tariff unless it is reversed immediately, China held firm, vowing to “fight to the end” and denouncing U.S. “bullying.”
“The United States’ threat to escalate tariffs on China is a mistake on top of a mistake,” the country’s Ministry of Commerce said in a statement Tuesday, adding if Mr. Trump follows through, Beijing will “resolutely take countermeasures.”
During the 2024 election, Mr. Trump repeatedly threatened to impose tariffs of 60 per cent on Chinese goods. So, Beijing, unlike various U.S. allies and partners taken off guard by the levies imposed …