China vows retaliation amid US trade war escalation with doubled tariffs, imposing own tariffs and restrictions on American companies.

China has recently declared its intention to retaliate against the US in the ongoing trade war between the two global economic powers. This comes after the US made the bold move to increase tariffs on Chinese imports. In retaliation, Beijing has imposed tariffs on a range of American goods and has also placed restrictions on US companies operating in China. The Chinese government has firmly stated that it will not succumb to any form of intimidation or coercion from the US. This latest development in the trade dispute between China and the US is expected to have significant implications for the global economy. The escalating tensions between the two countries have raised concerns among investors and businesses worldwide. The uncertainty surrounding the future of trade relations between China and the US is likely to impact various industries and markets. As the situation continues to unfold, all eyes are on the negotiations between the two countries to see if a resolution can be reached. The outcome of these talks will have far-reaching consequences for both nations and the rest of the world.

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