China warned it would hit back at Donald Trump’s trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world’s largest economies. Trump said 25% tariffs on Canada and Mexico would come into force from March 4, while Chinese imports would face a further 10% levy. Meanwhile a rout in Bitcoin deepened on Friday as investors rushed to safe assets in the wake of Trump’s latest tariff threats, marking a dramatic reality

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