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China vows to retaliate as necessary after Trump threatens another 10% tariff hike

  • China's Ministry of Commerce stated it "firmly opposes" U.S. President Donald Trump's threat to raise tariffs and promised retaliation if necessary.
  • A spokesperson for the Ministry of Commerce mentioned that China is prepared to take all necessary countermeasures to defend its legitimate rights and interests.
  • Lin Jian, a spokesperson, warned that U.S. Tariffs will backfire and only worsen relations with China.
  • Deborah Elms noted that Trump's tariff announcement could lead China to assume that a trade deal may not be achievable soon.
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Australian Financial Review broke the news in Sydney, Australia on Thursday, February 27, 2025.
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