US President Donald Trump has threatened to escalate tariffs on China to 100%, reigniting trade war fears between the two nations.
Currently, Chinese goods face US tariffs of 30% under levies imposed by Trump, who accuses Beijing of unfair trade practices and aiding in the fentanyl trade.
“Want to Help China, Not Hurt It”
Despite the threats, Trump stated that the US wants to help China, not hurt it, and believes that "China will be fine."
Beijing has responded to the US move, calling it "double standards" and warning against economic aggression.
Author's summary: Trump threatens 100% tariffs on China.