China has accused the United States of blackmail and says it will retaliate for the latest set of tariffs threatened by Washington.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
A fresh round of US President Donald Trump's punitive tariffs on China has begun to bite. It adds another $200 billion in imports to the escalating trade conflict, with Beijing also imposing more retaliatory duties.
Donald Trump has ramped up his trade dispute with China. Nevertheless, Beijing has a good shot at being able to keep the damage under control. The key is a dynamic middle class, says DW's Frank Sieren.
China will take "counter-measures" after US President Donald Trump's raised tariffs on $200 billion of Chinese imports. Fears of escalation hit global stocks markets, which waver nervously awaiting a concrete response.
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