“China Vows ‘Fight to the End’ on Tariffs as It Props Up Markets”

“…“The US threat to escalate tariffs on China is a mistake on top of a mistake,” the Chinese Ministry of Commerce said in a Tuesday statement, hours after the US president vowed to impose additional import taxes. “If the US insists on its own way, China will fight to the end.”

The Chinese response came after Trump threatened a further 50% tariff on all Chinese goods unless Beijing withdraws its tit-for-tat retaliation against his earlier “reciprocal” levies. That takes the cumulative tariff rate announced this year to 104% — effectively doubling the import price of any goods shipped from China to the US…”

https://www.msn.com/en-us/money/other/china-vows-fight-to-the-end-on-tariffs-as-it-props-up-markets/ar-AA1CuiaC

China is making a mistake. The goal was to get China to negotiate. Escalation will only bring trade between both countries to a halt. If China thinks this outcome is bad for the U.S. its not. Jobs will come back to the U.S. even faster if this happens.