China slams U.S. blackmail tactics after Trump threatens 50% tariff hike

By  News On Air   Apr 08, 2025

China has responded strongly after U.S. President Donald Trump threatened to impose an additional 50 percent tariff on Chinese goods if Beijing did not withdraw its retaliatory tariffs by today.

China’s Ministry said it will never accept what it described as the “blackmail tactics” of the United States and vowed to fight to the end in the escalating trade dispute.

If implemented, the new tariffs could result in a total tax burden of up to 104 percent on certain imports from China.

Meanwhile, Chinese state-owned companies are stepping in to support the markets. They have pledged to help stabilize the economy. China’s financial regulator also plans to allow more insurance funds to be invested in the stock market. This comes as trade tensions between the two largest economies continue to rise.