ONTRADE Forex

China vows to ‘fight to the end’ against latest Trump tariff threat

China vows to ‘fight to the end’ against latest Trump tariff threat

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

China’s government says it will “fight to the end” if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to China’s retaliatory measures.

On Tuesday, China’s commerce ministry accused the US of “blackmail” and said the US president’s threats of additional 50% tariffs if Beijing did not reverse its own 34% reciprocal tariff were a “mistake on top of a mistake”.

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Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty

Donald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.

Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity.

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