US levies 104% tariff on China in counterpunch

Beijing vows to fight to the end after Trump's earlier threat of a 50% tariff in response to China's retaliation

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ADDITIONAL US tariffs on Chinese imports are set to reach 104% on Wednesday, the White House told AFP, as Washington doubles down on planned action after Beijing vowed a "fight to the end" on levies. US President Donald Trump and China are sparring over tariff hikes and other retaliatory moves, as governments elsewhere are brainstorming strategies to cope with the trade war between the global economic giants.

China said it will "fight to the end" and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports in retaliation for Beijing's backlash against the 34% tariffs he ordered on his April 2 "Liberation Day."