China denounces as 'blackmail' Trump's threat to ratchet tariffs by a further 50%
Rareș Mustață
BEIJING: China decried as "blackmail" on Tuesday (Apr 8) US President Donald Trump's threat to add a further tariff of 50 per cent on its goods, after he demanded that Beijing withdraw its plans for counter-tariffs. If neither side blinks and Trump sticks to his plans, total new levies could climb to 104 per cent this year on Chinese goods imported into the US, escalating a trade war that has already spurred the biggest market losses since the pandemic. "The US side's threat to escalate tariffs
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